146-156 Wellington Street,
Collingwood, VIC 3066
Offices
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Map of 146-156 Wellington Street
The Dream Factory sold off-market, pre public campaign
- Sale Price: $6,800,000
- Building Rate: In excess of $5,000/m²*
- Settlement: 5 Business Days
Colliers sold ‘The Dream Factory’ 146-156 Wellington Street,
Collingwood prior to launching an on-market expression of
interest campaign. Offered for sale for the first time in 23 years,
the property is an iconic part of Collingwood’s rich architectural
heritage. The Commercial 2 Zoned former warehouse building,
which required refurbishment, comprises a mixture of open-plan
office and theatre/workshop accommodation which made it the
perfect fit for the HQ requirements of a local owner occupier.
Colliers negotiated a deal which reflects a land rate of almost
$10,000/sqm, one of the strongest results for a Commercial
2 Zoned asset in Melbourne’s city fringe achieved this year.
This owner occupier was able to act swiftly and successfully
purchased the asset with 5 business days settlement term.
This transaction reinforces the dominance of owner occupiers
who have accounted for 62.5% YTD* of acquisitions in the city
fringe as well as their ability to undertake their due diligence and
transact in a timely manner.
Collingwood prior to launching an on-market expression of
interest campaign. Offered for sale for the first time in 23 years,
the property is an iconic part of Collingwood’s rich architectural
heritage. The Commercial 2 Zoned former warehouse building,
which required refurbishment, comprises a mixture of open-plan
office and theatre/workshop accommodation which made it the
perfect fit for the HQ requirements of a local owner occupier.
Colliers negotiated a deal which reflects a land rate of almost
$10,000/sqm, one of the strongest results for a Commercial
2 Zoned asset in Melbourne’s city fringe achieved this year.
This owner occupier was able to act swiftly and successfully
purchased the asset with 5 business days settlement term.
This transaction reinforces the dominance of owner occupiers
who have accounted for 62.5% YTD* of acquisitions in the city
fringe as well as their ability to undertake their due diligence and
transact in a timely manner.
Property ID: 504724580Last Updated: 30 Oct 2024
146-156 Wellington Street
Collingwood, VIC 3066
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
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