50-52 SMITH STREET, COLLINGWOOD
Savills Melbourne is delighted to offer for sale this prime corner retail freehold, ideally located in highly sought after Collingwood retail hot-spot at 50-52 Smith Street, Collingwood (Corner Derby Street). This property represents a fantastic opportunity to secure a prime retail investment with a new lease to highly reputable global tenant; Aesop.
The key attributes of this fantastic property include:
A super high profile Smith Street corner freehold
Stunning, light filled modern retail/office space
Building area of 342sq m*
Combined triple street frontage of 47 metres*
Leased to high quality tenant ‘Aesop’, a global company with over 1,500 employees*
4 year lease commencing 4 November 2017 (no options)
Net Rental: $143,500 per annum* (tenant pays all outgoings including land tax)
Prime corner landholding of 248sq m* with rear access
Commercial 1 Zoning providing significant future development potential
Perfectly positioned within the heart of arguably Melbourne’s strongest retail precinct, metres from Gertrude Street
50-52 Smith Street, Collingwood is For Sale by Expressions of Interest closing Wednesday 6 March at 2pm.