SOLD
Sold on 20 Feb 2024 for $2,390,000

GROUND FLOOR/86 Smith Street
Collingwood VIC 3066

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 186m2
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Property Details for Ground Floor/86 Smith St, Collingwood

Building Type
Commercial
Land Size
186m2
Local Government
Yarra
Lot/Plan
1/TP901240

Last Listing description (August 2023)

Savills is delighted to offer for sale 86 Smith Street, Collingwood, a blue-chip freehold building securely leased to a highly regarded operator.

Key attributes of the property include:


186sqm* of land in a popular city-fringe location
Modern 275sqm* freehold building comprising basement, ground restaurant and first floor office
Restaurant & office leases to Maha Bar and Maha Restaurant
Secure combined income of $127,720pa* + GST and outgoings as of September 2023
Restaurant with 5-year lease and options to 2037
Convenient rear access and on-site parking
Situated within a vibrant hub of food, nightlife, and culture

*Approximate

For sale.

For further information please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
Tim Grant - 0478 666 275
James Latos - 0422 604 900

Property History for Ground Floor/86 Smith St, Collingwood, VIC 3066

A timeline of how this property has performed in the market
Last Sold
$2,390,000
20 Feb 2024
Listed for Rent
$632/w
01 Nov 2014
  • 20 Feb 2024
    Sold for $2,390,000
  • 29 Mar 2023
    Listed for Sale Contact the Melbourne Commercial Experts
  • 04 Jul 2022
    Listed for Sale Contact Agent
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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 8,565 properties. Over the last 5 years, Houses in Collingwood have seen a 24.47% increase in median value, while Units have seen a 3.18% increase. As at 30 September 2024:

  • The median value for Houses in Collingwood is $1,209,358 while the median value for Units is $664,351.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 44 properties listed for sale, and 18 properties listed for rent in Collingwood on OnTheHouse. According to CoreLogic's data, 368 properties were sold in the past 12 months in Collingwood.

Suburb Insights for Collingwood 3066

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.