73 Islington Street,
Collingwood, VIC 3066
Warehouse, Factory & Industrial • Development Sites & Land • Shops & Retail
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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.
Property ID: 503785990Last Updated: 23 Jul 2021
Teska Carson Pty Ltd - Richmond6 Yorkshire Street
RICHMOND, VIC 3121
RICHMOND, VIC 3121
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