***OFFERS UNDER REVIEW***

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 of new office developments, 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

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