43-45 Alexandra Parade, CollingwoodA city fringe apartment block has sold for S2.715 million after competition between multiple bidders.A local value-add investor purchased 43-45 Alexandra Parade, Collingwood, which sold through Fitzroys’ Chris Kombi, Ervin Niyaz and Ben Liu, who acted on behalf of a local owner who had held the property for 40 years.The sale price reflected a sharp 3.9% net yield.The property comprises a circa 1970s brick building with six two-bedroom apartments, leased on short-term deals, with undercover on-site parking for up to nine cars.It is on a triple-fronted landholding of 365sqm with three frontages and Mixed Use zoning.“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
A city fringe apartment block has sold for S2.715 million after competition between multiple bidders.A local value-add investor purchased 43-45 Alexandra Parade, Collingwood, which sold through Fitzroys’ Chris Kombi, Ervin Niyaz and Ben Liu, who acted on behalf of a local owner who had held the property for 40 years.The sale price reflected a sharp 3.9% net yield.The property comprises a circa 1970s brick building with six two-bedroom apartments, leased on short-term deals, with undercover on-site parking for up to nine cars.It is on a triple-fronted landholding of 365sqm with three frontages and Mixed Use zoning.“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
A local value-add investor purchased 43-45 Alexandra Parade, Collingwood, which sold through Fitzroys’ Chris Kombi, Ervin Niyaz and Ben Liu, who acted on behalf of a local owner who had held the property for 40 years.The sale price reflected a sharp 3.9% net yield.The property comprises a circa 1970s brick building with six two-bedroom apartments, leased on short-term deals, with undercover on-site parking for up to nine cars.It is on a triple-fronted landholding of 365sqm with three frontages and Mixed Use zoning.“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
The sale price reflected a sharp 3.9% net yield.The property comprises a circa 1970s brick building with six two-bedroom apartments, leased on short-term deals, with undercover on-site parking for up to nine cars.It is on a triple-fronted landholding of 365sqm with three frontages and Mixed Use zoning.“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
The property comprises a circa 1970s brick building with six two-bedroom apartments, leased on short-term deals, with undercover on-site parking for up to nine cars.It is on a triple-fronted landholding of 365sqm with three frontages and Mixed Use zoning.“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
It is on a triple-fronted landholding of 365sqm with three frontages and Mixed Use zoning.“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
“The property offered future potential for rental uplift, as well as the rare opportunity to acquire a Mixed Use-zoned site on Melbourne’s CBD fringe,” Kombi said.“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
“Collingwood has seen a significant surge in both commercial and residential development in recent years, leading to a population boom, and we continue to see investors put their money into the suburb’s evolution.”A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
A short distance away is the 3.9-hectare former Fitzroy Gasworks site, which is being redeveloped to provide housing, an educational hub, and sports facilities to meet a range of community needs.The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
The property is located close to renowned hospitality and lifestyle precinct Smith Street, which is home to a plethora of Melbourne’s most popular bars and eateries, and is also near multiple schools, and recreational options including Darling Gardens, Edinburgh Gardens and Yarra Bend Park.Previous ArticleNext Article
