COLLINGWOOD VIC, COMMERCIAL LAND SITE, CORNER SITE, PRIME LOCATION

COMMERCIAL LAND SITE, MELBOURNE

Rokeby Street, Collingwood VIC 3066, Corner Site, Prime Location 4,100 M2.
An outstanding opportunity to develop a commercial site of 4,100 square metres for mixed use including hotel, offices or residential accommodation deep in the heart of Melbourne’s Inner Suburbs.
Close proximity to all transport services, infrastructure and amenities, this investment is expected to generate solid investment returns from commercial rents

Currently tenanted at

$512,840 per annum

Remaining Term

4 Years

Zoning

Commercial 2

Land Size

4,100 M2

Average Square Metre

$ 7,560

Planning Permit Sought

14 Levels, (4 level podium and 10 level residence)

Projected Investment Returns

> 35%

Terms 10% deposit

12 months settlement.

Price

$31 Million

Comparable Sales Data

60 Langridge St, Collingwood

Selling Price: $25.0 million

Term 2 Years

Area 3,071 M2, Per Square Metre $8,140

Requirement Skills

Agribusiness, fruit orchard farming, customer servcice, retail trading are some key fundamental skills required to operate and further develop the business. Entreprenurial talent aligned with multi-cultural awareness and consumer demand, can see this business develop into an iconic stop over on the area where more than 200,000 residence and daily passing traffic are key to its sustainability.

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