Rare Development Opportunity in Heart of Collingwood

Colliers are proud to present 30-44 Sackville Street, Collingwood, a precinct defining development opportunity made up of five adjoining properties in a tightly held quintessential Collingwood location. The rare opportunity is available for sale by expressions of interest closing Thursday 19th May at 3pm (AEDT).

The heartbeat of Collingwood, 30-44 Sackville Street is supremely located in one of Melbourne’s hottest precincts, only metres from iconic retail strip Smith Street Collingwood/Fitzroy and under 2 kilometres from the CBD.

Strategically acquired over decades, the five adjoining properties make up a rare Commercial 2 zoned site of 1,556m2* with over 50 metres of frontage, resulting in a site highly suitable for multi-storey development (STCA), capturing CBD views.

With all properties featuring strong holding incomes, 30-44 Sackville Street Collingwood truly does stand out as one of the best opportunities in the Melbourne city-fringe.

Key highlights include:

•Commercial 2 zoned site of 1,556m²*
•In the heart of Collingwood, one of Melbourne’s hottest, in-demand suburbs
•Flexible multi-storey development outcomes possible including commercial office and hotel (STCA)
•Over 50 metres of frontage to Sackville Street
•Situated only metres from the world-renowned Smith Street retail strip
•Booming Collingwood commercial market which has attracted high profile tenants such as Aesop & Swisse
•Significant existing improvements, currently fully leased, providing solid holding income
•Close proximity to a plethora of public transport and major arterials, including Alexandra Parade, Hoddle Street, Johnston Street, Victoria Parade
•Less than 2 kilometres from the Melbourne CBD
•Potential for stunning CBD views from multi-storey development (STCA)
•Surrounded by world-class retail/hospitality amenity

*approximately