29-41 Down Street, Collingwood, Vic 3066
Industrial/Warehouse
Contact Agent
Published on: 22 Nov 2024
Last updated on: 22 Nov 2024
Property ID: 504743080
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Key property information
Land Size
1,143.00 m2
Parking Comments
onsite
Floor Area
1,266.00 m2
Tenure Type
tenanted
FOR SALE - MAGNIFICENT INVESTMENT - COLLINGWOOD
29-41 Down Street, Collingwood, Vic 3066
Magnificent Investment - Strategic Landbank Rarely such a significant property becomes available in this highly held location. The property is leased to a well-established tenant and provides a hassle-free investment. Expression of Interest closing 16th December 2024 at 11am. • Zoning - Commercial 2 Zone • Land Area- 1143m2 approx. • Building Area- 1266m2 approx. Tenancy Details: The property is occupied by Urban Climb Collingwood Pty Ltd via a renewed 5 year lease with one final option remaining. Terms include fixed annual 3% rental increases with market reviews on renewal and all usual outgoings recoverable except Land Tax. The original lease commenced in 2017 and includes a six (6) month security deposit be maintained throughout. The reported passing face rent of $143,526 pa ($113 psmpa) is deemed well below market. For further information or to arrange an inspection contact John Camilleri on 0409 327 120 or email [email protected]
Property Details
Basic Info
Basic Info
Property Type
Industrial/Warehouse
Listing Status
On Market
Land Size
1,143.00 m2
Address
29-41 Down Street, Collingwood, Vic 3066
John Camilleri
Contact Agent
Email enquiry to Killen Thomas - Melbourne
John Camilleri
60-62 Hoddle St, Abbotsford, Vic 3067
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Property ID: 504743080
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