Whole/7 Waterloo Road Collingwood VIC 3066

Impressive stand-alone commercial freehold offering four titles and four short-term tenancies for sale via expressions of interest closing Wednesday 20th August @ 2pm.

Collingwood has become one of the inner-east's most desirable business locations, thanks to its cosmopolitan vibe and proximity to the Melbourne CBD. GrayJohnson is pleased to offer for sale, by Expressions of Interest, this boutique commercial building ideally located to benefit from the suburb's many lifestyle amenities. The property is located just steps away from two of Melbourne's liveliest café and retail strips, Smith Street and Gertrude Street.

The modern two-storey building consists of four self-contained office/studio suites. Each has excellent natural light and features separate bathroom and kitchen facilities. The two largest suites also have generous balconies. The property's corner position provides two access points to the secure under-cover car parking and storage cages.

Suite 4 is currently tenanted by a local architectural firm, Ha Pty Ltd, and the remaining three suites have short-term leases in place. The estimated gross income from this prime investment property is around $153,000* pa.

With all suites on short term leases, this property is ideal for an owner occupier seeking new premises plus income or an investor seeking multiple income streams.

Key features:
Total building area 350 sqm*
Land area 152 sqm*.
Four self-contained offices/studios with kitchen and amenities
Corner position with superb natural light on two sides
6 off-street secure car parks plus cage storage

The Location:
A-grade location with significant recent office development
Close to vibrant cafe and retail strips of Smith and Gertrude Streets
Easy access to the CBD and the Eastern Freeway
Public transport close by

*approx.