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Overview
SUBSTANTIAL COLLINGWOOD CORNER
This property at 57 Keele Street, Collingwood VIC, represents a rare and valuable opportunity for owner-occupiers, investors, or buyers seeking to add value in one of Melbourne's most sought-after inner-urban precincts. Situated in the heart of Collingwood and just moments from the vibrant Smith Street, this substantial corner building offers exceptional versatility for a variety of commercial uses, making it an attractive prospect for occupation, investment, or future redevelopment.
The building benefits from prominent dual street frontage, with 14.63 meters facing Keele Street and 20.57 meters along Budd Street. This dual exposure provides excellent visibility, access, and flexibility, accommodating a wide range of commercial activities. The property is composed of three separate lots, which enhances flexibility for occupation, leasing strategies, or asset management.
One of the standout features of this property is the expansive rooftop deck, which offers stunning panoramic views of the Melbourne city skyline, providing a unique amenity for occupants or visitors. Additionally, the site includes four secure on-site car spaces at ground level, a highly desirable convenience in this inner-city location where parking is often limited.
The property currently generates holding income through short-term leases across Lots 2 and 3, returning $125,400 per annum plus GST and outgoings. This immediate income stream adds to the investment appeal of the asset.
The total land area measures approximately 307 square meters, while the building footprint covers around 511 square meters, providing substantial space for a variety of commercial operations. The combination of multiple titles, corner positioning, and holding income makes this property a compelling offering in a market where quality inner-city commercial assets are increasingly scarce.
Overall, 57 Keele Street is a significant commercial asset that offers a blend of flexibility, exposure, and income potential in a prime inner-city location. Its features and positioning make it well-suited to a range of commercial uses, whether for owner occupation, investment, or future redevelopment opportunities.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Collingwood VIC 3066
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 511 m² |
Market Insights for Collingwood VIC 3066
Other properties in this postcode
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