121 Sackville Street & 174-176 Johnston Street, COLLINGWOOD VIC 3066 SOLD

Gorman Allard Shelton is excited to present this fully functional high clearance warehouse on two titles with huge development potential (STCA) for sale via an expression of interest campaign closing Thursday18th August 2022 at 2pm.

Key attributes of the property comprise:

* Substantial landholding of 1,036 sqm approx.
* Versatile Commercial 1 zoning suitable for a variety of uses (STCA)
* Huge development potential suitable for multi-residential or developments (STCA)
* Two street frontages to Sackville Street (24 metres) and Johnston Street (10 metres)
* Substantial improvements comprising high clearance factory of 360 sqm providing potential for good holding income
* Excellent on-site car parking
* Walking distance to Victoria Park Train Station and an abundance of other transport amenity
* Surrounded by world class retail and hospitality and within close proximity to Smith Street, Brunswick Street, Gertrude Street and all that this buzzing city fringe precinct has to offer

The property is situated on the eastern side of Sackville Street, between Gold Street and Hoddle Street, within the highly sought after and tightly held city fringe suburb of Collingwood. The area has seen an enormous amount of gentrification in recent years with residential and commercial property values both seeing significant increases. Once known as a grungy suburb, Collingwood and surrounding suburbs are now arguably the most sought after residential and commercial locations.