JLL is thrilled to exclusively present for sale 177-181 Johnston Street, superbly located in one of Melbourne’s most in-demand inner city locations – Collingwood.

Formerly trading as a hostel, the two-level property offers a modern fitout throughout presenting the opportunity to re-establish a successful operation or reconfigure to an alternate use.

Offered with vacant possession, 177-181 Johnston Street presents numerous options, providing the immediate opportunity to capitalise on the existing infrastructure for owner-occupiers or repositioning angles for investors or developers.

Investment highlights include:

* Prominent two-level, freehold building occupying 558sqm of corner land with triple-street frontage within favourable Commercial 1 Zoning
* High profile location with exceptional street frontage of over 20m to one of Collingwood’s most renowned thoroughfares – Johnston Street
* Existing infrastructure includes reception, multiple dorm rooms, updated bathrooms and two fully fitted commercial kitchens
* Zoning flexibility and multi-level development potential provides the opportunity for alternate uses including retail, commercial and residential (STCA)
* Superbly positioned within walking distance to the world famous Smith Street Precinct, with excellent public transport connectivity via train, tram and bus

For sale via international Expressions of Interest closing Wednesday 5 June 2024 at 5:00pm AEST.

For further information on this opportunity, please contact the exclusive selling agents.