Retail

428-430 Smith Street, Collingwood

428-430 Smith Street Collingwood, VIC Australia 3066
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Year Built 2000
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %
Call for Offers 2022-04-06

Property description

JLL Melbourne Commercial Sales have the exclusive privilege of offering for sale this prominent Collingwood freehold positioned on one of Melbourne’s most popular and highly sought-after retail strips at 428-430 Smith Street, Collingwood.


Key details of the opportunity include:

- Single level freehold of 345sqm

- High exposure frontage to the acclaimed Smith Street, plus valuable rear laneway and two secure car parks

- Leased to New Balance Australia Pty Ltd – a wholly owned subsidiary of New Balance Intermediate Inc. with annual revenues of more than $4.4 billion (USD)

- Long term tenant that has been in occupation for 15 years

- 3 + 3-year lease from December 2020

- Current net rent of $139,725 per annum* plus GST and outgoings

- Fixed annual increases of 3.5%

- Valuable Commercial 1 zoning suits numerous redevelopment outcomes (STCA)

- Premium 292sqm city fringe landholding

- Convenient access to the Melbourne CBD via accessible tram services operating along Smith Street

- Global magazine publisher Time Out Group voted Smith Street the ‘Coolest Street in the World’ in 2021.

 

PROUDLY SOLD BY JLL


To obtain further information or to arrange a private inspection, please contact the exclusive selling agents.

 

Nick Peden | 0402 011 266

Mark Stafford | 0404 401 053

Tim Carr | 0415 767 915

MingXuan Li 李名轩 | 0498 688 998

Investment highlights

  • Leased to Global Tenant New Balance
  • 3 + 3 Year Lease with Fixed 3.5% Increases
  • Blue-Chip Collingwood Investment
Last Updated Date: 13 Apr 2022

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PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 13 Apr 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

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