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
NIY N/A

Attributes

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

Asset 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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Last Updated Date: 13 Apr 2022

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