The backyard is north east facing. The slope of land is Nearly Level. More about the land block...
 
WELCOME TO THE SMITH STREET EVOLUTION... WELCOME TO THE GENTRIFICATION OF SMITH STREET... WELCOME TO 378 - 380 SMITH STREET COLLINGWOOD
AUCTION!! 9 October @ 2:00pm.

In Retrospect It's Easy To Identify Which Properties We Should Have Purchased, In Particular Those Prior To A Street's Evolution... However It's Just As Easy to Identify These Properties Today & Capitalise On The Evolution From The Onset, Rather Than Merely Being A Part Of The End Product. There Is No Better Examples Of This Than Smith Street.

Swan Street Evolved From An 'Ugly' Duckling Into Richmond's Hottest Street. Thriving National & Multinational Tenants Line The Street Paying Premiums To Secure Their Shops. Evolutionary & Highly Successful Mixed Use Development Sites Are Now The 'Norm' Rather Than The Few. These Are The Signs Of A Street's Evolutionary Peak. Without Doubt There Will Be Continue Capital Growth However The Biggest Gains Have Come & Gone. Smith Street By Contrast Is At The Start Of Its Evolution.

The First Of The Evolutionary Developments e.g. Smith & Co. & Haus - Are Nearing Completion. The Next Stage Of Evolutionary Developments, With Their New Evolutionary Heights Are Being Sold As We Speak - 466 Smith Street, Collingwood 'Trilby' 10 Storey Development. Destination National & Multinational Retail, Food & Lifestyle Tenants Are Securing & Continuing To Try To Secure Their Smith Street Location. This Is A Street Where Tenants Have A Need & A Want To Occupy... And Are Willing To Pay For It. Rents Are Increasing... Apartment Prices Are Increasing & Development Heights Are Increasing. The Biggest Gains Are Ready & Waiting For Those Who Buy Today & Capitalise On Them. There Is No Risk, Only Reward... Welcome To The Smith Street Evolution... Welcome To The Gentrification Of Smith Street.

378 & 380 Smith Street Is A Dynamic & Rare Corner Retail Investment Site With Very Secure Multinational Tenants & Substantial Development Upside (STCA). Two Retails Shops Plus A First Floor Home Office/Studio. Located In The Most Desirable Part Of Smith Street Between Johnston Street & Alexandra Parade. There Is Not Only Outstanding Development Upside, But Also Investment Upside & Land Bank Upside. There Has Been A Recent Flurry Of Leasing To National & Multinational Tenants On The Street Highlighting The Rent Growth Potential Over The Forthcoming Years.

Land Bank On Arguably Melbourne's Best CBD Fringe Street. Invest In Two Multinational Tenants With Very Secure Tenure. Capitalise On Your Future Development. The Choice Is Yours... You Can't Go Wrong With Any of Them!!

Total Rent ~$190,000pa + og's + gst.

Site Area 530sqm*. Building Area 694sqm*. Smith Street Frontage 15.36sqm*.

Please Contact Agent For Further Details.

*Approx.
Lot/Plan No: 1/PS514349