376 Smith StreetCollingwood VIC 3066
Property Details for 376 Smith St, Collingwood
Last Listing description (March 2021)
CBRE Hotels are pleased to offer the business and leasehold of the Robert Burns Hotel in trendy Collingwood.
King Investment Highlights:
- Undergone significant CAPEX in the last 18 months
- Much loved pub with good layout and impressive amenity providing a central island bar servicing front public areas, private dining, function spaces, a chefs kitchen connecting the bistro and beer garden at rear and additional function/dining space on the first floor
- Revenues consistently at $30,000 per week and climbing*
- Good departmental splits of 42% Food and 58% Beverage
- Over 17 years tenure remaining on the lease with a full MRR in Sep 2022
- High quality location with great accessibility, large volumes of residential development and foot flow pedestrian traffic in the immediate area
*Approx, as supplied by vendor
Property History for 376 Smith St, Collingwood, VIC 3066
- 15 Mar 2024Sold for $3,800,000
- 10 Jun 2020Listed for Sale Offers to Purchase
- 10 Jun 2020Listed for Rent - Price not available
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0About 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 8,461 properties. Over the last 5 years, Houses in Collingwood have seen a 17.66% increase in median value, while Units have seen a -0.08% decrease. As at 31 October 2024:
- The median value for Houses in Collingwood is $1,203,550 while the median value for Units is $658,818.
- Houses have a median rent of $750 while Units have a median rent of $650.
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