398-402 Smith st, Collingwood VIC 3066

Land/Development

PROMINENT SMITH STREET FREEHOLD PRIMED FOR REDEVELOPMENT

Lemon Baxter is pleased to have the exclusive privilege of offering for sale this prominent Smith Street freehold packed full of potential.

Key details of the opportunity include:
– Prominent Smith Street landholding of 599sqm*.
– High-profile building comprising of 4 ground floor shops and 3 offices totalling 659sqm*.
– Extensive frontage of over 22.5 metres to Smith Street, plus side laneway access.
– Valuable on-site car parking for 12 cars.
– Fully let net income of $233,746 per annum*.
– Majority of the building is currently leased.
– Sought after Commercial 1 Zoning allowing for a variety of redevelopment outcomes including residential, commercial and retail (STCA).
– Local planning parameters provide for large scale development outcomes with excellent nearby and adjacent height precedent of 6-8 levels.
– A vibrant and eclectic city-fringe location with an absolute abundance of surrounding retail and lifestyle amenity.
– A remarkable opportunity to occupy, value-add or develop on this hotly contested retail strip.
– Many of the best bars and restaurants minutes away for hosting clients or team
1:
Melbourne’s Smith Street, a lively strip famous for its hip restaurants, wine bars, fashion, vintage stores and live music scene, has been named the coolest street in the world in a new global ranking. Entertainment and culture bible Time Out surveyed 27,000 city residents around the world to come up with a list of 30 of the world’s coolest streets.
The northern end of trendy Smith Street, which forms the boundary between Collingwood and Fitzroy, claimed top prize.

Benefits:
– Woolworths (next door on street level)
– MyBite (Apple reseller) below
– Officeworks (200m north)
– Dan Murphy (opposite 100m)
– Aldi (300m(
– 86 tram out front (Docklands / City / Bundoora)
– Lots of metered street parking out front and surrounding streets

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Lemon Baxter
Paul O’Sullivan | 0412 410 366

Property Highlights
Highlight 1

Prominent 599sqm landholding

Highlight 2

Valuable Commercial 1 Zoning

Highlight 3

Strong income with upside

Zone

Commercial 1

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