ICONIC COLLINGWOOD FREEHOLD OCCUPIED BY A MELBOURNE INSTITUTION
CBRE are delighted to present 32 Johnston Street, Collingwood to the market. This iconic Collingwood freehold is being offered for sale for the first time in 42 years.
Key summary points include:
- Prominent 2 level retail freehold building with outstanding Johnston Street exposure
- Securely leased to Melbourne's first Greek Tavern, Jim's Greek Tavern
- Six (6) year net lease with fixed 5% annual rental increases expiring 2026 (including options)
- Prime inner city location within one of Melbourne's most tightly held and sought-after retail and restaurant precincts and just 2km* from the Melbourne CBD
- Net annual income as at April 2017 of $112,174* + GST + Outgoings
- 7 day trading conditions driven by high volume of shoppers, tourists and the booming residential population
*approx.
Josh Twelftree
+61 452 524 985
Sandro Peluso
+61 418 389 757
Rorey James
+61 439 400 081
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 8,748 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:
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