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the facts

Level 1
398 smith street

COLLINGWOOD

Leased Level 1 398 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!

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The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased

THE PROS

  • Refurbished office suite
  • Located on Smith Street with vibrant amenity
  • Partitioned private offices/meeting rooms
  • North facing windows with abundant natural light
  • Tram stop at front door
  • 3 on-site undercover car parking spaces
The Facts Level 1 398 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 Level 1 398 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

  • Shared entrance, with internal access to property which created a security concern
  • Shared bathrooms
  • Entrance from side of building only i.e. not on Smith Street
  • Despite the property being refurbished, the general condition was older e.g. ceiling tiles, partitions, bathrooms etc
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased
The Facts Level 1 398 Smith Street Collingwood TCI Lease Leased

THE CHALLENGES

  • The office market was flooded with over 1,200 other properties for lease in Collingwood and surrounding
  • To overcome this, our marketing campaign promoted the location, and existing fit-out and cost savings this presented, to stand out in a depressed and flooded market
  • The existing tenant wanted to vacate early. Our goal was to secure a new tenant, at an increased rent, before the end of the existing lease
The Facts Level 1 398 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 Level 1 398 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 3 weeks, TCI leased the property at a rent of $39,000 per annum + outgoings + GST, which represented a 15.22% increase in rent from the previous lease
  • Final result being 13.72 times quicker than market average

the facts

market average

0

DAYS on market

  • RESULT
0

days on market

  • difference
0
.72

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

No Data Found

DAYS ON MARKET

market EXPECTATION

  • RESULT

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

Leased Level 1 398 Smith Street

TCI Commercial Real Estate For Sale Sold For Lease Leased Property Management Commercial Real Estate Richmond Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.

Contact

Address

463 Bridge Road,
Richmond 3121

Phone

03 9426 8000

Email

teneketzis@tciproperty.com

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TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.

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TCI Commercial Real Estate For Sale Sold For Lease Leased Property Management Commercial Real Estate Richmond Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
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