106/134 Cambridge StreetCollingwood VIC 3066
Property Details for 106/134 Cambridge St, Collingwood
Last Listing description (November 2023)
Xynergy Commercial in conjunction with Belle Property Commercial are pleased to offer these exceptional investment properties Suite 106 plus Suites 107 & 108 combined at 134-136 Cambridge St, Collingwood for Private Sale, currently returning $134,016 net in total.
A professional and well maintained commercial, strata-office building located in the centre of Collingwood's dynamic and eclectic Mixed Use precinct. The property is surrounded by renowned hospitality venues on nearby Smith Street and Gertrude Street, multi-level mixed use buildings and significant development activity.
Key Features:
Suite 1.06 (Lot 18)
- Leased to Strata Community Australia(Vic) www.strata.community since 2010
- Area: 146sqm approx internal kitchenette plus 2 undercover, secure car spaces
- Independent, ducted air conditioning
- Lift access
- Leased until 28 May, 2027 with 3 year option
- Current NET rental: $39,655 per annum plus GST ; increasing to $42,800 from 28 May, 2024
- 3% annual increases thereafter with a review to market value upon the commencement of the further term
Suites 1.07 & 1.08 (Lots 19 & 20) to be sold together on separate contracts
- Total Net Income $94,361 per annum plus GST
- Total Area: 313 sqm approx
- Leased to Capabuild Pty Ltd www.capabuild.com.au since 2019
- Impressive fully renovated modern fit-out including internal kitchen
- Adjoining large sunlit balcony
- Independent, ducted air conditioning
- Lift access
- Note: $119,850 as a total of Two (2) Bank Guarantees held as additional security for reinstatement of dividing, tenancy wall
Suite 1.07
- Area: 205sqm including outdoor balcony and 2 undercover, secure car spaces
- Current NET rental $63,172 per annum plus GST
- Leased until September, 2026 (Note: Tenant right to end lease upon providing at least 3 months written - notice on either 30 June 2024 or 2025 or 2026)
- 4% annual increases
Suite 1.08
- Area: 108sqm plus one undercover, secure car space
- Leased until September, 2026 (Note: Tenant right to end lease upon providing 3 months written notice on either 30 June 2024 or 2025 or 2026)
- Current GROSS rent $40,768 per annum (net rent: $31,189 per annum)
- 4% annual increases
Settlement Terms: 10% Deposit. Balance payable in 30/60 days or otherwise agreed.
Inspection by appointment only Agents in conjunctional.
Property History for 106/134 Cambridge St, Collingwood, VIC 3066
- 27 Nov 2023Listed for Sale Contact Agent
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About Collingwood 3066
The size of Collingwood is approximately 1.3 square kilometres. There are 5 parks, covering nearly 2.2% of the total area. The population of Collingwood in 2016 was 8513 people. By 2021 the population was 9179 showing a population growth of 7.8% in the area during that time. The predominant age group in Collingwood is 30-39 years. Households in Collingwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Collingwood work in a professional occupation.In 2021, 33.30% of the homes in Collingwood were owner-occupied compared with 30.40% in 2016.
Collingwood has 8,749 properties. Over the last 5 years, Houses in Collingwood have seen a -12.03% decrease in median value, while Units have seen a 1.06% increase. As at 31 July 2026:
- The median value for Houses in Collingwood is $1,155,309 while the median value for Units is $694,534.
- Houses have a median rent of $800 while Units have a median rent of $700.
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