22, 1 / 10 Main Street, Greensborough VIC, 3088 - For QA Used

FOR SALE Via Expression of Interest Closing April 22nd at 4:30pm

Raine & Horne Land Victoria is proud to present 1 Derby Street, Collingwood - a rare opportunity to secure a high-yielding freehold investment in one of Melbourne's most proven and tightly held growth corridors.

This is not just an income property - it is a strategic inner-city landholding with immediate cash flow and long-term capital growth fundamentals

Investment Snapshot

• Secure income of $125,000 Plus Outgoings / per annum with annual increases

• Established and operating rooming house/student accommodation

• Consistent demand driven by CBD proximity

• Freehold title in blue-chip inner Melbourne

• Permit issued to accommodate 27 people

• Strong rental reversion and optimization potential

• Future potential upside

Why This Asset Stands Out

Immediate Cash Flow

With $125,000 p.a. in current rental income, the property provides strong holding income from day one - ideal for investors seeking yield in a premium metropolitan location.

Irreplaceable Location

Collingwood continues to outperform due to:

• Direct CBD fringe positioning

• Proximity to major universities and hospitals

• Walking distance to Smith Street & Gertrude Street lifestyle precincts

• Excellent train and tram connectivity

• Strong gentrification and infrastructure investment

Inner-city rooming accommodation remains in constant demand due to affordability pressures and international student growth.

Land Value & Future Upside

Beyond the income, this is a strategic freehold acquisition in a precinct undergoing continuous transformation. Investors can:

Reconfigure to enhance returns

• Hold for capital growth

• Opportunities to secure freehold assets in Collingwood with genuine income are increasingly scarce.

The Bottom Line

Properties offering:

• Strong metropolitan income

• Blue-chip inner-city positioning

• Long-term development potential

1 Derby Street is a strategic acquisition for the astute investor seeking yield today and growth tomorrow.

For financial information, inspections, or a detailed Information Memorandum, contact the exclusive agents today.

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist

Remember to mention you found this property on DevelopmentReady