Unit 102/23-25 Gipps Street Collingwood VIC 3066

Offices
80 m²
Sold

High Yielding Entry-level Investment Opportunity

Great entry-level investment opportunity
6.5 - 7% return on investment
Returning $32,442 P.A NET

Knight Frank is pleased to present this high yielding investment for sale at 23-25 Gipps Street in Collingwood.

Unit 102 is securely leased to 'Webb Plus', a specialist interior architecture practice.

This 80 sqm office space is currently returning $32,442 NET per annum on a 3 year lease term with an option to extend until September 2024.

Key features
- 80sqm Office space
- 1 Allocated car space on title
- Communal balcony area
- Fully fitted office space
- Kitchen in-suite
- Close to major arterial roads
- 2km from Melbourne CBD

Investment Details
Current Lease 3 Years
Annual Return - $32,442 NET
Increases 4% annually
Options to extend 1 x 3 Year option
Tenant Webb Plus

Please contact one of the exclusive Knight Frank agents for further information.

Knight Frank Eastern Office

Level 3, 10 Nexus Court

Mulgrave, VIC 3170

Property Highlights

Date Sold	9 Apr 2021
Floor Area	80 m²
Land Area	Ask Agent
Parking	1 x Onsite parking
Property ID	2016672451
Category	Offices
Last updated	16 Jan 2023

Map for Unit 102/23-25 Gipps Street Collingwood VIC 3066

Nearest transport* to Unit 102/23-25 Gipps Street Collingwood VIC 3066

Bus

Train

Tram

Ferry

Gipps St/Hoddle St (Abbotsford)	366 m
Gipps St/Hoddle St (Abbotsford)	386 m
Langridge St/Hoddle St (Abbotsford)	397 m
Langridge St/Hoddle St (Abbotsford)	433 m

*Within a 4km radius

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Knight Frank Eastern Office

Level 3, 10 Nexus Court

Mulgrave, VIC 3170

Property Highlights

Date Sold	9 Apr 2021
Floor Area	80 m²
Land Area	Ask Agent
Parking	1 x Onsite parking
Property ID	2016672451
Category	Offices
Last updated	16 Jan 2023

Co-Agents

Nick Bisset

Knight Frank Eastern Office

Call

+61437 748 120

Matthew Romanin

Knight Frank Eastern Office

Call

+61 412 888 428

More about Unit 102/23-25 Gipps Street Collingwood VIC 3066

Unit 102/23-25 Gipps Street Collingwood VIC 3066 is categorized as Office. It has a floor area of 80 m². There are 1 x onsite parkings.The listing ID for this property is 2016672451.