29-41 Down St Collingwood VIC 3066

Magnificent Investment - Strategic Landbank

Rarely such a significant property becomes available in this highly held location.

The property is leased to a well-established tenant and provides a hassle-free investment.

Expression of Interest closing 16th December 2024 at 11am.

Zoning - Commercial 2 Zone

Land Area- 1143m2 approx.

Building Area- 1266m2 approx.

Tenancy Details:

The property is occupied by Urban Climb Collingwood Pty Ltd via a renewed 5 year lease with one final option remaining. Terms include fixed annual 3% rental increases with market reviews on renewal and all usual outgoings recoverable except Land Tax. The original lease commenced in 2017 and includes a six (6) month security deposit be maintained throughout.

The reported passing face rent of $143,526 pa ($113 psmpa) is deemed well below market.

For further information or to arrange an inspection contact
John Camilleri on 0409 327 120