the facts

414
SMITH STREET

COLLINGWOOD

Leased 414 Smith Street Collingwood TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges & the reveal!

The Facts 414 Smith Street Collingwood TCI Lease Leased

THE PROS

  • Corner location with Smith Street and Hotham Street exposure
  • Opposite Dan Murphys
  • Freshly painted interior and exterior
  • Freshly polished concrete floor
  • Open-plan layout
  • Abundant natural light
  • Inviting high ceiling
  • RSD access
  • 2 on-site car parking spaces
The Facts 414 Smith Street Collingwood TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
The Facts 414 Smith Street Collingwood TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE CONS

  • Design of facade reduced shopfront exposure to Smith Street

THE CHALLENGES

  • The market average rent on Smith Street at the time was ~mid-to-high $300/m2 net
  • The Landlord instructed us to market the property at a rent of $570/m2 net, which we felt was well above market expectations, and advised that the rent potential, on the upper end, would be ~$450/m2 net
The Facts 414 Smith Street Collingwood TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
The Facts 414 Smith Street Collingwood TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE REVEAL

  • Within 11 weeks, TCI secured an offer and the property was leased at a rent of $100,000 per annum + outgoings + GST or $444/m2
  • Final result being 11.95 times quicker than market average

the facts

market average

0

DAYS on market

0

days on market

0
.95

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

DAYS ON MARKET

market EXPECTATION

No Data Found

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street

Leased 414 Smith Street