Nelson Alexander Commercial are delighted to offer For Private Sale this stunning Collingwood studio with plans and permit for an architecturally designed 3 bedroom residence with basement and rooftop terrace. Located in the heart of Collingwood just off Smith Street the studio is currently leased to a secure tenant with an excellent rent return. The lease does have a redevelopment clause so this opportunity will suit investors, owner occupiers and developers. Enjoy the restaurants, cafes and bars on Smith Street and the CBD is only a short stroll or tram ride away. This is a fantastic opportunity in one of Melbourne’s most sought after suburbs that we highly recommend!

Property Features:

• Zoned Mixed Use
• Building Area 168m2 (approx.)
• Stunning Existing Studio with Tenant
• Redevelopment Clause Included
• Excellent Current Income of $44,720 pa (as at 24/04/24)
• Prime Collingwood Location
• Approved plans for 3 bedroom residence with basement and rooftop terrace
• Suit Investors, Owner Occupiers & Developers
• Close to the cafes, restaurants and bars on Smith Street
• Only a short walk or tram ride to the CBD
• This is a fantastic opportunity that we highly recommend!

For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.