An industrial property in Melbourne's north east has been acquired by an owner occupier for $4.4 million.
JLL's Lincoln Reynolds and Christian Tian negotiated the deal for the property at 22 Singleton Street, Collingwood.
The property consists of a two-level office/warehouse with multiple meeting rooms, production areas and office zones. The 747sqm warehouse has a roller door and loading bay.
The 1,117sqm site is occupied 100 per cent by the total building area of 1,420sqm.
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Located just 1km from the Melbourne CBD, the Collingwood property is close to retail strips including Smith Street, Brunswick Street and Johnston Street. It's also near the MCG, Rod Laver Arena, Olympic Park, Fitzroy Gardens, Eastern Freeway and Monash Freeway.
"It presented a great opportunity to acquire property in a highly sought-after location within the long-term view to capitalise on a potential rezoning to mixed use in the future," Mr Reynolds told the AFR.