406 Smith Street, Collingwood VIC 3066

Nelson Alexander Commercial are delighted to offer for Public Auction this outstanding opportunity to secure a highly sought-after freehold property in the heart of vibrant Collingwood. Ideally positioned on bustling Smith Street—an area experiencing rapid growth and transformation—this is your chance to invest ahead of the curve. The property features a popular ground-floor restaurant, currently leased to thriving Red Sparrow Pizza, providing excellent rental income. Upstairs is a beautifully appointed two-bedroom residence offered with vacant possession—perfect for an owner-occupier, short-stay rental, or long-term lease. Additional highlights include rear lane access and off-street parking for one vehicle, enhancing both convenience and value. This is a rare chance to acquire a quality property in a tightly held blue-chip location, with strong rental returns and long-term capital growth prospects. We highly recommend an inspection.

Key Property Features:

• Zoned Commercial 1 (C1Z)
• Generous landholding of approximately 145m²
• Substantial building area of approximately 221m²
• Prime freehold opportunity in the heart of Collingwood
• Prominently positioned on vibrant Smith Street
• Strong rental return from an established tenant
• Dual-income opportunity with both retail and residential components
• Ground floor securely leased to the hugely popular Red Sparrow Pizza
• First-floor two-bedroom residence offered with vacant possession
• Ideal for owner-occupiers or investors seeking additional rental income
• Rear laneway access with secure off-street parking for one vehicle
• Rare opportunity in a rapidly evolving and high-demand precinct
• This is an exceptional property in a highly desirable location—inspection is strongly recommended

For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.