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428-430 Smith Street

428-430 Smith Street, Collingwood, VIC 3066

Auction Retail
Price upon request
Property No. 331210

Building Information

PROUDLY SOLD BY JLL

JLL Melbourne Commercial Sales have the exclusive privilege of offering for sale this prominent Collingwood freehold positioned on one of Melbourne’s most popular and highly sought-after retail strips at 428-430 Smith Street, Collingwood.

Key details of the opportunity include:
- Single level freehold of 345sqm
- High exposure frontage to the acclaimed Smith Street, plus valuable rear laneway and two secure car parks
- Leased to New Balance Australia Pty Ltd – a wholly owned subsidiary of New Balance Intermediate Inc. with annual revenues of more than $4.4 billion (USD)
- Long term tenant that has been in occupation for 15 years
- 3 + 3-year lease from December 2020
- Current net rent of $139,725 per annum* plus GST and outgoings
- Fixed annual increases of 3.5%
- Valuable Commercial 1 zoning suits numerous redevelopment outcomes (STCA)
- Premium 292sqm city fringe landholding
- Convenient access to the Melbourne CBD via accessible tram services operating along Smith Street
- Global magazine publisher Time Out Group voted Smith Street the ‘Coolest Street in the World’ in 2021.
 
PROUDLY SOLD BY JLL

To obtain further information or to arrange a private inspection, please contact the exclusive selling agents.
 
Nick Peden | 0 402 011 266
Mark Stafford | 0 404 401 053
Tim Carr | 0 415 767 915
MingXuan Li 李名轩 | 0498 688 998

• Leased to Global Tenant New Balance
• 3 + 3 Year Lease with Fixed 3.5% Increases
• Blue-Chip Collingwood Investment

Last updated

13 Apr 2022

Floor area

345 sqm

Land area

0.03ha (0.07acres) (approx.)

Tenure Type

Tenanted

Within walking distance

Within walking distance

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