This versatile commercial opportunity is one not to be missed. Located at 24-26 Stanley Street in the heart of Collinsville. This three-shop 981m2 corner block complex, presents multiple streams of income potential also featuring a 1-bedroom unit at the rear, this property provides the flexibility for on-site living or additional rental income.
The unit is currently tenanted for $180pw
For investors envisioning a more ambitious project, the opportunity to demolish the existing building and develop a vacant commercial block calls.
Key Features:
• Renovation Potential: With significant renovation work required, this property provides an exciting canvas for renovation enthusiasts to breathe new life into it.
• Three-Shop Complex: Benefit from three separate shop fronts, offering diverse rental opportunities for retail, office, or service-oriented businesses.
• Residential Unit: The inclusion of a 1-bedroom unit at the rear adds flexibility for on-site living or additional rental income.
• Development Potential: Envision a new chapter for this prime site by demolishing the existing building and creating a vacant commercial block ready for your next investment.
• Convenient Location: Positioned in the heart of Collinsville, with easy access to local amenities, schools, and more makes it an attractive prospect for both residents and businesses.
Potential Uses:
- Retail Space
- Office Space
- Service-oriented Businesses
- Residential Rental
- Business or centre zoning
Whether you're seeking a renovation project or the opportunity to develop a new commercial site from scratch, this property at 24-26 Stanley Street is for you.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jeremiah Roberts to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.