SOLD
Sold on 22 Dec 2023 for $1,150,000

50 Budd Street
Collingwood VIC 3066

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 110m2
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Property Details for 50 Budd St, Collingwood

Building Type
Commercial
Land Size
110m2
Local Government
Yarra
Lot/Plan
4/PS525208

Last Listing description (November 2023)

Area: 255 sqm approx

Ground Floor:

Open Plan Warehouse
Garage
Bathroom with Shower

1st Floor:
Open Plan Office
M&F Toilets
Kitchenette

2nd Floor:
Open Plan Office
M&F Toilets
Kitchenette
Balcony

Close proximity to Smith Street, Eastern Freeway & Public Transport.

Part ground floor and first floor leased to the 31/07/2024 with one further term of three (3) years with level 2 and part ground floor garage available to occupy or lease.

Potential fully occupied rental $85,000 per annum NET.

Outgoings estimated at:
Council Rates: $4,450 per annum
Water Rates: $1,075 per annum

Inspections:
Saturday 25/11/2023: 12:30pm - 01:00pm
Wednesday 29/11/2023: 05:30pm - 06:00pm
Saturday 02/12/2023: 12:30pm - 01:00pm
Wednesday 06/12/2023: 05:30pm - 06:00pm
Saturday 09/12/2023: 12:30pm - 01:00pm
Wednesday 13/12/2023: 05:30pm - 06:00pm
Friday 15/12/2023: 12:00pm - 12:30pm

Auction Friday 15/12/2023: 12:30pm - 01:00pm

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Property History for 50 Budd St, Collingwood, VIC 3066

A timeline of how this property has performed in the market
Last Sold
$1,150,000
22 Dec 2023
Listed for Rent
$575/w
29 Jul 2022
  • 22 Dec 2023
    Sold for $1,150,000
  • 23 Nov 2023
    Listed for Sale ESR $1,1000,000 to $1,200,000
  • 28 Jan 2022
    Listed for Rent - Price not available
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About Collingwood 3066

The size of Collingwood is approximately 1.3 square kilometres. It has 5 parks covering nearly 2.2% of total area. The population of Collingwood in 2011 was 6,467 people. By 2016 the population was 8,508 showing a population growth of 31.6% in the area during that time. The predominant age group in Collingwood is 20-29 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 2011, 32.9% of the homes in Collingwood were owner-occupied compared with 30.4% in 2016.

Collingwood has 8,480 properties. Over the last 5 years, Houses in Collingwood have seen a 24.47% increase in median value, while Units have seen a 3.18% increase. As at 30 September 2024:

  • The median value for Houses in Collingwood is $1,209,358 while the median value for Units is $664,351.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 41 properties listed for sale, and 11 properties listed for rent in Collingwood on OnTheHouse. According to CoreLogic's data, 351 properties were sold in the past 12 months in Collingwood.

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