Rare Opportunity in the Heart of Smith Street!

First National JXRE are pleased to present a public auction 274 - 276 Smith Street Collingwood on Friday 18th November at 1pm (on-site).

• Supreme location situated in the heart of Collingwood retail and hospitality precinct and only minutes to Melbourne CBD
• High profile zoned commercial 1 zone (C1Z) site on approx. 361m²
• Invest or occupy (residential upstairs) or further develop (STCA)
• Broad frontage with combined total floor area of 1000m² approx.
• Expansive 11.2 metre approx. frontage
• Highly sought-after location surrounded by established and new retailers including Woolworths, Chemist Warehouse and Coles Supermarket etc.
• 7 car-spaces on title from rear access
• Fully secured and leased to 2 established businesses on ground floor 2 newly modernized residential apartments upstairs, total income $167,715 p.a. incl. GST

* Commercial tenancy 1 (Vape Store)
Rent: $40,695 p.a. including GST + outgoings
Lease: 4+3+3 years (3% annual increment)

* Commercial tenancy 2 (Dental Clinique)
Rent: $46,200 p.a. including GST + outgoings
Lease: 5+5+5 years (3% annual increment)

* Residential tenancy 1 (Apartment 1)
Rent: $33,888 p.a.

* Residential tenancy 2 (Apartment 2)
Rent: $46,932 p.a.

*Photo ID required at all First National JXRE open for inspections and auctions. First National JXRE may refuse to provide further information on the property should you prefer not to disclose your full contact information including phone number.
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs.
http://www.consumer.vic.gov.au/duediligencechecklist

For more details, please email broker or call agents.