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the facts

1 - 5
hotham street

collingwood

Leased 1-5 Hotham 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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1-5 Hotham Street Collingwood TCI Lease Leased

THE PROS

  • Warehouse renovated with polished concrete floor, freshly painted walls, air-conditioning and new roof
  • 3 street frontages
  • Long lease term available
  • RSD access
  • Proximity to Smith Street and across the road from Dan Murphy’s
1-5 Hotham 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 
1-5 Hotham 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

  • Limited external street activation with no shop front
  • Bathrooms were not included in renovation works
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased
1-5 Hotham Street Collingwood TCI Lease Leased

THE CHALLENGES

  • The property was a warehouse located in a side street however a retail rent was being targeted
  • To overcome this, the property was marketed as a “blank canvas” opportunity i.e. without reference to it being a warehouse, within immediate proximity to Smith Street
1-5 Hotham 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 
1-5 Hotham 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

  • TCI leased the property at $90,000 per annum + outgoings + GST or $315 per m² net on an initial 7 year term
  • Final result being 26% above market expectations

the facts

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leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham street

leased 1-5 Hotham 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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all figures and outlines are approximates only

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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