Stonebridge Property Group is pleased to present for sale 272 Smith Street, Collingwood.

The key highlights of the opportunity include:

– The prominent medical tenanted freehold is strategically positioned in the heart of Smith Street directly opposite supermarket giant Woolworths

– 100% leased to longstanding tenants ‘Newton & Leung Pharmacy’ and the ‘Smith Street Medical Centre’ – that have both enjoyed 38+ years of trading success

– Fundamentals include a 289 sqm* Commercial 1 Zoned landholding with the benefit of rear lane access.

– The flexibility of the site coupled with favourable zoning and precedent for additional height provides future development possibilities (STCA)

– The commanding building spans 581 sqm*, benefits from 9.1 m* frontage and has the rare convenience of 8 undercover car parks, accessed via a rear lane

– Boasting aligned 10-year lease terms, both of which are set to expire in Dec-2029, with no further options to renew – adding to the future flexibility of the asset

– Collingwood/Fitzroy stand as some of Melbourne’s most densely populated suburbs with 7,256 residents per km – 14x higher than greater Melbourne and a significant driver of retail trade

– Bookended between Woolworths and Coles, and set amongst some of Melbourne’s most popular retailers and hospitality venues

– Directly opposite a significant site earmarked for a 11-story, 115 apartment mixed-use development – an exciting project that is set to benefit retailers

– Located just 1.4km from the Melbourne CBD and 1.9km to the Melbourne Cricket Ground

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Ian Lam
0416 621 859

Rorey James
0439 400 081

*Approximately

Property Code: 1165