A rare and exciting opportunity to acquire a prominent city-fringe freehold with vacant possession, ideally positioned in one of Melbourne's most dynamic commercial precincts. Located directly adjacent to Bunnings Collingwood and surrounded by thriving businesses, this versatile property offers outstanding exposure to Victoria Parade one of Melbourne's busiest arterial roads, with over 25,000 vehicles passing daily. Held in the same family for five decades, the site now presents a range of options for occupiers, investors or developers looking to make their mark in this tightly-held pocket of the inner north. Set on approx. 252sqm of land with Commercial 1 Zoning, the property benefits from valuable rear R.O.W. access and on-site parking making it ideal for a wide variety of commercial uses including retail, medical, showroom, hospitality or creative office (STCA). There is also scope to extend or further develop the site, subject to council approval. Surrounded by key transport routes, hospitals, the medical precinct, and minutes from the CBD, this is an exceptional offering in a high-growth location. Key Highlights: First time offered in 50 years Vacant possession Land area: 252sqm (approx.) Commercial 1 zoning broad range of uses Scope for future extension or development (STCA) Rear R.O.W. access and off-street parking Outstanding exposure over 25,000 passing vehicles daily Neighbouring Bunnings and close to hospitals, trams, and the CBD