7-17 Cromwell Street Collingwood VIC 3066

Gross Waddell ICR is pleased to offer for sale 7-17 Cromwell Street, Collingwood, a significant land bank investment on the edge of Melbourne's CBD. Situated near the corner of Victoria Parade and directly opposite Bunnings, this large landholding and collection of freehold offers unparalleled value and future value-add or development potential (STCA).

Sprawling 1,267 sqm* city edge landholding residing on 3 separate titles - buy individually or collectively

Fully leased to 2 longstanding tenants generating a combined income of $257,000 net per annum*

Substantial building area of 919 sqm* and benefitting from a number of off-street carparks

The largest tenant (86% of income) boasts a lease to July 2028 with a demolition clause in the additional 3-year option

Favourably zoned Commercial 2 Zone (C2Z) providing noteworthy development or reposition outcomes (STCA)

Exceptional city fringe location in Melbourne's trendy inner suburb of Collingwood, merely 1.5 km* from Melbourne's CBD

Located directly opposite Bunnings, adjoining a proposed Maserati dealership and close to the Porsche dealership

Surrounded by a number of bustling cafes, restaurants and bars and offering proximity to Smith Street and Gertrude Street

Perfect connectivity with tram route metres from the front door, North Richmond train station minutes

Collingwood is a thriving hub full or new office developments and character filled warehouses and creative studios

The property is for sale via an Expression of Interest campaign closing at 3:00 pm on Wednesday the 27th of November 2024. For further information or to discuss this opportunity further, please contact the team at Gross Waddell ICR directly.

*Approximate
STCA Subject to Council Approval