104 & 106 Islington Street,
Collingwood, VIC 3066

Warehouse, Factory & Industrial • Development Sites & Land

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Brilliant Development Opportunity

Tsimos Commercial is delighted to offer this brilliant freehold opportunity.

This property has plenty of options.

- Collect rent now and organise plans and permit
- Occupy
- Invest in your future

This property currently has two lease

104
- Approx 97m2
- Monthly Tenancy
- Returning approx $20,000 pa Net

106
- Approx 260m2
- Approx 2 years remaining on the lease
- Lease contains a development clause
- Approx $45,000 pa Net

Total Income approx $65,000 per year.

Commercial 1 Zone
Adjoining and surrounding properties have permits for 4-7 levels

An immediate opportunity to develop in Trendy Collingwood and minutes from the CBD

Property ID: 503995347Last Updated: 15 Mar 2022