104 & 106 Islington Street Collingwood VIC 3066

Tsimos Commercial is delighted to offer this brilliant freehold opportunity.

This property has plenty of options.

- Collect rent now and organise plans and permit
- Occupy
- Invest in your future

This property currently has two lease

104
- Approx 97m2
- Monthly Tenancy
- Returning approx $20,000 pa Net

106
- Approx 260m2
- Approx 2 years remaining on the lease
- Lease contains a development clause
- Approx $45,000 pa Net

Total Income approx $65,000 per year.

Commercial 1 Zone
Adjoining and surrounding properties have permits for 4-7 levels

An immediate opportunity to develop in Trendy Collingwood and minutes from the CBD