73 Islington Street,
Collingwood, VIC 3066
Warehouse, Factory & Industrial • Development Sites & Land • Shops & Retail
Key property information
Land area
Floor area
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Tenure type
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Teska Carson Pty Ltd - Richmond
6 Yorkshire StreetRICHMOND, VIC 3121
73 Islington Street
Collingwood, VIC 3066
Map of 73 Islington Street
INCOME PRODUCING CITY FRINGE WAREHOUSE WITH ENORMOUS UPSIDE – FIRST TIME OFFERED IN 100 YEARS
- Substantial 770sqm landholding
- Significant rental upside
- Future development potential
AUCTION: Thursday 22 April 2021 at 1pm on-site
TeskaCarson is pleased to present the opportunity to purchase 73 Islington Street, Collingwood with the following key attributes:
- Substantial standalone warehouse with an underlying land area of 770sqm*, boasting 20m frontage to Islington Street.
- Currently occupied by 25+ year tenant ‘Collingwood Automotive Repairs’ providing an annual income of $63,812 per annum Net + GST & Outgoings.
- Strong rental upside with a market review in April 2023
- Existing improvements comprise a clear span warehouse plus multiple partitioned offices, providing a total building area of 734sqm* plus four (4) on-site car spaces.
- Perfect opportunity for investors, developers, land bankers and future owner occupiers to secure a supremely located freehold with immediate access to all major arterial routes and only 2km* from Melbourne’s CBD.
- Favourable Commercial 2 zoning and multi storey height precedent, allowing significant scope for high density development (STPA).
- Join Collingwood tenants Aesop, Lulu Lemon, Swisse, Jetstar, The Commons & T2 to name a few.
- Unrivalled lifestyle amenity with Smith & Gertrude Streets bustling retail and hospitality precinct within close proximity.
- An intergenerational asset that has been held in the same family for over 100 years!
Please call for further information.
TeskaCarson is pleased to present the opportunity to purchase 73 Islington Street, Collingwood with the following key attributes:
- Substantial standalone warehouse with an underlying land area of 770sqm*, boasting 20m frontage to Islington Street.
- Currently occupied by 25+ year tenant ‘Collingwood Automotive Repairs’ providing an annual income of $63,812 per annum Net + GST & Outgoings.
- Strong rental upside with a market review in April 2023
- Existing improvements comprise a clear span warehouse plus multiple partitioned offices, providing a total building area of 734sqm* plus four (4) on-site car spaces.
- Perfect opportunity for investors, developers, land bankers and future owner occupiers to secure a supremely located freehold with immediate access to all major arterial routes and only 2km* from Melbourne’s CBD.
- Favourable Commercial 2 zoning and multi storey height precedent, allowing significant scope for high density development (STPA).
- Join Collingwood tenants Aesop, Lulu Lemon, Swisse, Jetstar, The Commons & T2 to name a few.
- Unrivalled lifestyle amenity with Smith & Gertrude Streets bustling retail and hospitality precinct within close proximity.
- An intergenerational asset that has been held in the same family for over 100 years!
Please call for further information.
Collingwood, 3066 demographic data
The median household income for Collingwood is $2,130, 12% higher than Greater Melbourne's household income of $1,901. Collingwood has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 65% of property owners in Collingwood have a mortgage.
9,179
Population
$2,130 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
Teska Carson Pty Ltd - Richmond6 Yorkshire Street
RICHMOND, VIC 3121
RICHMOND, VIC 3121
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