400-402 Smith Street
Collingwood, VIC 3066

This property at 400-402 Smith Street, Collingwood, is a fully leased retail investment offered for sale via public auction. The auction is scheduled for Friday, 5th June 2026 at 12pm. This investment presents a stable income stream with a 100% leased status, generating an annual return of $110,298.

The building encompasses a total area of 309 square meters, divided across three tenancies, each with separate access. The layout includes two retail tenancies on the ground floor and a well-presented space on the first floor, providing versatile usage options.

Located within a Commercial 1 zoning, the property offers potential for repositioning the first floor space to residential use, subject to council approval (STCA). This flexibility enhances the property's future upside potential.

Additional features include six valuable car parking spaces accessible via a laneway off Keele Street, which adds convenience for tenants and customers. The property boasts an extensive frontage of over 14 meters to Smith Street, enhancing its visibility and appeal.

Situated in a highly sought-after location, the property benefits from substantial surrounding residential and mixed-use developments. This growth drives increased population density, retail demand, and long-term investment resilience.

Smith Street has been recognized as a vibrant retail hotspot, attracting major retailers such as Lululemon, KFC, and Guzman y Gomez, all of whom have recently secured retail locations along the strip. The area is well-serviced by public transport, with tram stop 20 located directly in front of the property on Smith Street, facilitating easy access for shoppers and commuters.

This investment opportunity combines a secure income stream with significant potential for future value enhancement, making it an attractive proposition for investors seeking exposure to a dynamic retail precinct in Collingwood.