HIGH YIELDING SMITH STREET RETAIL INVESTMENT

Fitzroys is delighted to offer 400-402 Smith Street, Collingwood for sale via public auction on Friday 5th June at 12pm.

Key Features:

•  100% fully leased investment returning $110,298* per annum net plus outgoings
•  Building area of 309sqm* across 3 affordable tenancies all with their own separate access
•  Consisting of two ground floor retail tenancies and one very well presenting first floor space
•  Commercial 1 zoning with potential to reposition the first floor space to residential use in the future (STCA)
•   6 car parks accessible via a laneway off Keele Street
•  Extensive frontage of over 14m* to Smith Street
•  Situated in a prized location underpinned by substantial surrounding residential and mixed-use development, driving population growth, retail demand and long-term investment resilience
•  Smith Street has been identified as a hot spot by major retailers including Lululemon, KFC and Guzman y Gomez who all recently secured retail locations along the strip
•  Excellent public transport services with tram stop 20 right at the front of the property on Smith Street
For further information please contract exclusive selling agent Fitzroys.

Back to property search