The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
Real EstateStaff WriterTue 11 Aug 15

Collingwood Commercial Property Sells For Strong Yield

1

A local developer has swooped on a commercial property on Smith Street in Collingwood.

CBRE Victorian Development Sites negotiated the sale of 386 Smith Street for $3.28 million.

Following a competitive public campaign which received strong interest from local and offshore investors and developers, together with a number of new buyers looking to purchase commercial property, a total of seven offers were received.

The final sale price reflected a land rate of $13,120 per sqm and a yield of 3 per cent, both considered very strong outcomes for properties of this nature.

The property, which is leased to a longstanding tenant, offer a floor area of 180sqm. The site is 371sqm.

The sale of 386 Smith Street adds to a number of transactions that have occurred in the past two months within this northern inner-city area, including 388 Brunswick Street, Fitzroy (sold for $3,350,000/2.60 per cent yield), 382 Brunswick Street, Fitzroy ($3,100,000 / 3.05 per cent yield) and 424 Smith Street, Collingwood ($4,500,000).

OtherVictoriaReal EstateDeal
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
Goodman Brisbane Industrial EDM
Exclusive

Olympics a ‘Springboard’ for Brisbane’s Industrial Age

Clare Burnett
6 Min
Colliers build-to-rent head Robert Papaleo speaking at The Urban Developer's Build-to-Rent Summit in Melbourne.
Exclusive

Get Creative Before BtR Wellspring Runs Dry, Sector Urged

Marisa Wikramanayake
4 Min
View All >
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
Cedar Woods Noble Park social housing HERO
Affordable & Social Housing

Cedar Woods Wins Nod for Noble Park Social Housing

Leon Della Bosca
The Perth-based developer will partner with HousingFirst for the 97-unit Noble Park train station precinct project…
LATEST
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
6 Min
Cedar Woods Noble Park social housing HERO
Affordable & Social Housing

Cedar Woods Wins Nod for Noble Park Social Housing

Leon Della Bosca
2 Min
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/collingwood-commercial-property