Investment That Really Shapes Up

164, Wellington Street, COLLINGWOOD

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633.00 m2

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Overview

Gray Johnson is excited to present for your consideration this outstanding investment opportunity in Melbourne’s most sought-after inner east business location.

The Opportunity:
• Attractive two storey brick building of 633sqm*
• Land area 384sqm*
• 12 secure undercover car parks
• Tenant: Anytime Fitness Pty Ltd
• 5 x 5 years lease commenced 01/02/2020
• Annual rental $200,715pa net plus GST
• Zoned Commercial 2

With a quality tenant in place and a strategic inner-east corner location, this is an exceptional health sector investment. The tenant, Anytime Fitness, is part of Australia’s largest and most successful fitness organisation and the lease terms provide solid returns now and into the future.

In recent years Collingwood has become one of Melbourne’s most desirable business locations, with significant commercial development and a high degree of amenity. It is a popular location for a wide range of businesses including the fashion and creative sectors.

The Location
• Prominent location on the corner of Gipps & Wellington Streets
• Close to transport, eateries, Smith Street shopping
• Just minutes to Melbourne CBD

This property is located in the heart of Collingwood just a short stroll from trendy Gertrude and Smith Streets with their diverse range of cafés, restaurants, bars and specialty retailers. It offers a rare opportunity to invest in a neighbourhood with continuing tenant appeal, owing to its unique character and proximity to Melbourne’s CBD.

We expect considerable interest in this one-of-a-kind property.

*approx.

Key Details

Status

For Sale

Type

Offices

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One of a Kind

GrayJohnson is pleased to bring to auction 1 Beecher Street, Preston. This stand-alone warehouse/office building is ideally located in one of the inner north’s premier industrial precincts. It is rare

Significant City-Fringe Warehouse

364-368 Darebin Road, Alphington This is an exceptional opportunity to position your business in a tightly held industrial precinct in Melbourne’s inner north-east. Strategically located in a boutique industrial park

Their interests are our priority

Di & David Haggett

Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

Peter Kirkpatrick

Charter Keck Cramer

To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

Egbert Pereira

EPA Group Accountants

Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

Safetynet Investments

Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

Edward McDermott

DCM Lawyers

GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

Matt Marshall

Smart Freight

Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

Balance Advertising

I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

Sonya Miller

Armitage Jones

We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

Matt Power

Balance Property Partners

GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.