Stonebridge are pleased to confirm the off-market transaction of 23, 25-31 & 33-35 Islington Street, Collingwood.

The property is the former Ziggy’s Eatery located on the corner of Coventry Street and Union Place. The building was severely damaged by fire in 2019 which left the building requiring demolition or redevelopment.

The property was sold to an underbidder from one of our teams successful December 2021 South Melbourne auction campaigns. The purchaser had missed out on a property and approached us in early 2022 seeking another South Melbourne opportunity. Understanding their unique requirement, we approached a South Melbourne commercial property owner which we had a relationship with for 5 years. We were able to leverage the buyer’s eagerness to secure a property before the year was fully underway and secure a price of $2,050,000 which reflected a record land rate of $18,636psm.

For any questions regarding the sale, please contact Stonebridge Property Group:

Max Warren
0488 296 892

Chao Zhang
0411 625 068

Julian White
0422 764 137

Dylan Kilner
0459 396 341

Property Code: 577