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  • Sold
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For Sale

Auction 16th Mar 2022 on-site
Exclusive agents, Colliers are delighted to offer 90-94 Nicholson Street, Abbotsford For Sale by Public Auction to be conducted on-site Wednesday 16th March 2022 at 10.30am (AEDT).

Opportunities such as this are truly unique and rarely offered to the open market especially when you consider the strategic and highly desirable Melbourne City Fringe location this property possesses.

Key features include:
•Freehold titled, character filled two (2) level office building;
•Prominently positioned with the Abbotsford Dress Circle nestled between Langridge Street and Gipps Street;
•Large land area of 756m2 (approx.) with two street frontages of Nicholson Street and Little Nicholson Street;
•Building area of 1,425m2 (approx.);
•Highly functional office accommodation with a mix of open plan area, partitioned office and meeting rooms plus full staff amenities;
•Expansive 19m (approx.) frontage to Nicholson Street and 19, rear frontage to Little Nicholson Street;
•100% leased to Funlab who are diversified hospitality-driven entertainment company;
•Lease expires 31st August 2023 with one (1) further option of three (3) years;
•Current net effective income is $147,000 per annum (approx.);
•Tenant pays all outgoings including single holding land tax;
•Huge potential for considerable rental uplift in the future;
•Desirable 5-Star NABERS Energy Rating;
•350 metres (approx.) from the Collingwood Train Station;
•Ease of access to major road arterials;
•Suits all purchasing profiles being Investors, Developers and future occupiers;
For more information on this exciting opportunity, please contact the exclusive selling agents:


Colliers
Andrew Ryan +61 408 543 527
Peter Bremner + 61 412 326 942

*approx
  • 21/03/2022
  • Contact our experts for details on this transaction