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146-156 Wellington Street
Collingwood VIC 3066
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Sold on 19 Sep 2024

146-156 Wellington Street Collingwood VIC 3066

  • Offices
  • 705 m²
  • Sold

The Dream Factory sold off-market, pre public campaign

  • Sale Price: $6,800,000
  • Building Rate: In excess of $5,000/m²*
  • Settlement: 5 Business Days

Colliers sold 'The Dream Factory' 146-156 Wellington Street,
Collingwood prior to launching an on-market expression of
interest campaign. Offered for sale for the first time in 23 years,
the property is an iconic part of Collingwood's rich architectural
heritage. The Commercial 2 Zoned former warehouse building,
which required refurbishment, comprises a mixture of open-plan
office and theatre/workshop accommodation which made it the
perfect fit for the HQ requirements of a local owner occupier.

Colliers negotiated a deal which reflects a land rate of almost
$10,000/sqm, one of the strongest results for a Commercial
2 Zoned asset in Melbourne's city fringe achieved this year.
This owner occupier was able to act swiftly and successfully
purchased the asset with 5 business days settlement term.

This transaction reinforces the dominance of owner occupiers
who have accounted for 62.5% YTD* of acquisitions in the city
fringe as well as their ability to undertake their due diligence and
transact in a timely manner.

Colliers International | Melbourne East
Colliers International | Melbourne East
Chadstone Tower One Level 7/1341 Dandenong Rd
Chadstone, VIC 3148

Property Highlights

Date Sold19 Sep 2024
Floor Area705 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019598637
Category
Last updated  29 Oct 2024
Map for 146-156 Wellington Street Collingwood VIC 3066
Colliers International | Melbourne East
Colliers International | Melbourne East
Chadstone Tower One Level 7/1341 Dandenong Rd
Chadstone, VIC 3148

Property Highlights

Date Sold19 Sep 2024
Floor Area705 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019598637
Category
Last updated  29 Oct 2024

Co-Agents

Ben Baines
Colliers International | Melbourne East
Call
0438 328 407
Alex Browne
Colliers International | Melbourne East
Call
+61 418 350 545
Eddie Foulkes
Colliers International | Melbourne East
Call
0405 890 960

More about 146-156 Wellington Street Collingwood VIC 3066

146-156 Wellington Street Collingwood VIC 3066 is categorized as Office. It has a floor area of 705 m². The listing ID for this property is 2019598637.

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