24 Peel StreetCollingwood VIC 3066
Property Details for 24 Peel St, Collingwood
Last Listing description (May 2024)
Seldom does an occasion of such rarity arise, offering a lucrative opportunity to secure a two-bed plus study residence and a separate office/retail space in one entity. Offered as a whole, this exciting Mixed-Use Zone (MUZ) property, located in the heart of Collingwood, holds immense potential.
Each property benefits from its own separate entrance, providing a valuable opportunity to live in the apartment whilst leasing the office/retail space, or alternatively lease both properties and reaping the rewards of two rental income streams. The choice is yours!
Whatever your plans may be for this exclusive piece of real estate, they will benefit from the area's amenities and a highly prized location, within walking distance of Smith Street and Gertrude Street's bustling retail and entertainment precincts, and proximity to trams and Collingwood train station.
- Currently leased for $3,259 (approx.) per calendar month
- Spacious open-plan living/dining area features high ceilings, split-system heating/cooling, and timber floors, and flows out to a large, partially covered entertaining balcony.
- Contemporary kitchen with stone benchtops, premium appliances including dishwasher, and ample storage.
- Two bright bedrooms each with built-in robes and split-system heating/cooling, with the main bedroom enjoying a private balcony.
- Separate study/home office offers flexibility as a 3rd bedroom.
- Stylish, central bathroom features floor-to-ceiling tiles, walk-in shower, and European laundry.
THE OFFICE/RETAIL SPACE
- Currently leased for $4,506.25 (approx.) per calendar month
- Floor area of 139sqm (approx.).
- Multiple offices on ground and first floor.
- Kitchen and bathroom facilities.
Property History for 24 Peel St, Collingwood, VIC 3066
- 16 May 2024Sold for $1,950,000
- 07 Feb 2024Listed for Rent $800 / week
- 02 Nov 2023Listed for Sale Under Offer
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About Collingwood 3066
The size of Collingwood is approximately 1.3 square kilometres. It has 5 parks covering nearly 2.2% of total area. The population of Collingwood in 2011 was 6,467 people. By 2016 the population was 8,508 showing a population growth of 31.6% in the area during that time. The predominant age group in Collingwood is 20-29 years. Households in Collingwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Collingwood work in a professional occupation. In 2011, 32.9% of the homes in Collingwood were owner-occupied compared with 30.4% in 2016.
Collingwood has 8,566 properties. Over the last 5 years, Houses in Collingwood have seen a 33.36% increase in median value, while Units have seen a 9.75% increase. As at 31 August 2024:
- The median value for Houses in Collingwood is $1,213,142 while the median value for Units is $685,230.
- Houses have a median rent of $700 while Units have a median rent of $650.
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