
Discover the Untapped Potential of Mixed-Use Properties
Collingwood, a vibrant hub just 3km from Melbourne's CBD, is home to a unique gem hitting the property market: a mixed-use building offered for the first time in 23 years. This rare opportunity invites buyers to live, work, and invest, all under one roof. With a total building area of 824sqm on a 501sqm landholding, the property features three self-contained tenancies ranging from retail to residential spaces.
Why Invest in Mixed-Use Developments?
The appeal of mixed-use properties lies in their versatility and potential for multiple income streams. In this case, the Collingwood building includes retail, medical space, and a modern caretaker's residence—all designed to maximize spatial efficiency. As more people gravitate towards urban living, properties like this, which blend residential and commercial spaces, are increasingly sought after.
Collingwood's Growth and Investment Appeal
With major developments sprouting in Collingwood, including tech startups and creative industries, this suburb presents a promising investment destination in Melbourne. The property benefits from its strategic location, paired with the area's reputation for being a trendy, entrepreneurial hotspot. Thus, the potential for appreciation in property value is substantial, particularly for those buying into a thriving market.
What’s Unique About This Opportunity?
Named quintessentially Collingwood, the property not only offers diverse tenants but also includes a rooftop terrace that promises stunning views across Melbourne’s skyline. Such features set this investment apart, offering both lifestyle and returns. The asking price starts from AUD 4 million, making it an attractive option for investors looking to capitalize on both immediate rental income and long-term development potential.
How to Navigate the Purchase Process
For those interested in investing, it's essential to understand the nuances of property investment, especially in a mixed-use zoning, which may involve specific regulations and opportunities. Consulting with real estate agents experienced in the Newcastle property market can provide invaluable insights into making an informed decision. Utilizing local property management services will also ensure that your investment operates smoothly.
Arriving in the market on Wednesday, 8 October at 3pm (AEST), the Expressions of Interest can serve as a guide for prospective buyers. Don’t miss out on this chance to secure a rare collab of commercial and residential in a prime Melbourne location!
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