New Chapter Begins For Collingwood Office Building

A four-level office building in Collingwood has been snapped up for $13 million by an American education provider.

More than 200 enquiries were received for the property, located within the Foy & Gibson complex at 150 Oxford Street.

The deal was negotiated by Saville's Clinton Baxter and Julian Heatherich and Colliers International's Peter Bremner and Ted Dwyer.

The building comprises approximately 3,336sqm of light-filled office space over two levels, a lower level warehouse and 86 on-site car parks over the remaining two levels.

“150 Oxford Street is located within the well-known Foy & Gibson complex, with its attractive heritage façade,” Mr Bremner said.

“Vacant office buildings in the city fringe, and more particularly in Collingwood, are extremely hard to come by – particularly with such character and scale."Mr Baxter said the property was exceptionally well located in the heart of one of Melbourne’s most sought after office and residential suburbs.

“The quality and appeal of Collingwood stems from the eclectic streetscapes, proximity to the Melbourne CBD and unique lifestyle amenities,” he said. “The subject property is within 200m of Smith Street, one of Australia’s most recognisable retail and restaurant shopping strips."The property is located 250m from trams on Smith Street and 1.3km from Collingwood Train Station. In addition to the availability of public transport, the property benefits from nearby access to the Monash Freeway and Eastern Freeway via Hoddle Street/Punt Road.