72 & 72A Johnston Street
Collingwood


$1,200,000

2
1
2

Property Features


Property ID: 3466609

Handsome Victorian - Blue Chip Location


Wonderful opportunity exists to secure this amazing period charmer, with considerable future prospects.
Favourable corner position, at the intersection of Johnston and Wellington Streets, the property is surrounded by art galleries, parkland, cool dining, gastro pubs and exciting nightlife.
The spacious double storey showcases a popular cafe, commercial kitchen, office space and bathroom. With its own separate entrance, the upstairs living quarters are a great urban retreat, featuring 2 bedrooms, renovated kitchen and bathroom, large living room with fireplace, split system a/c, polished timber floors, period features typical of the era and a fantastic north facing under cover entertainers deck. Multiple income streams and an ideal inner north locale, make for the perfect land bank investment.
Total Income is *$59,889pa
Cafe is leased at *$26,601pa until 21/05/2023 with a further option of 5 years
Residence is leased at *$26,004pa until 10/11/2022
Advertising Income is $7,284pa until 31/04/2024
Commercial 1 Zoning
*Approx