24 Peel St

Off Market

24 Peel St

Collingwood VIC 3066

House

Last sold for $1,950,000

Roland Paterson, last sold this property on 16 May 2024 after 196 days on market.

Overview

Attention investors! 2 properties - 1 entity

Seldom does an occasion of such rarity arise, offering a lucrative opportunity to secure a two-bed plus study residence and a separate office/retail space in one entity. Offered as a whole, this exciting Mixed-Use Zone (MUZ) property, located in the heart of Collingwood, holds immense potential. Each property benefits from its own separate entrance, providing a valuable opportunity to live in the apartment whilst leasing the office/retail space, or alternatively lease both properties and reaping the rewards of two rental income streams. The choice is yours! Whatever your plans may be for this exclusive piece of real estate, they will benefit from the area's amenities and a highly prized location, within walking distance of Smith Street and Gertrude Street's bustling retail and entertainment precincts, and proximity to trams and Collingwood train station. THE APARTMENT - Currently leased for $3,259 (approx.) per calendar month - Spacious open-plan living/dining area features high ceilings, split-system heating/cooling, and timber floors, and flows out to a large, partially covered entertaining balcony. - Contemporary kitchen with stone benchtops, premium appliances including dishwasher, and ample storage. - Two bright bedrooms each with built-in robes and split-system heating/cooling, with the main bedroom enjoying a private balcony. - Separate study/home office offers flexibility as a 3rd bedroom. - Stylish, central bathroom features floor-to-ceiling tiles, walk-in shower, and European laundry. THE OFFICE/RETAIL SPACE - Currently leased for $4,506.25 (approx.) per calendar month - Floor area of 139sqm (approx.). - Multiple offices on ground and first floor. - Kitchen and bathroom facilities.

Features

5 bedrooms

1 bathroom

House

Estimated Value

We need at least 3 similar 5 bedroom houses sold in Collingwood over the last 12 months.

Property history for 24 Peel St

2024

Sold

$1,950,000

Private Sale/Treaty on 16 May 2024 by Roland Paterson, of Nelson Alexander Fitzroy

2024

Rented

Undisclosed

Leased on 18 Feb 2024 by Nelson Alexander Fitzroy

2022

Rented

Undisclosed

Leased on 28 Mar 2022

Happy sellers in Collingwood

92%

92% of sellers in Collingwood reported that their sale price either exceeded or met their price expectations.

Collingwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Collingwood over the last 12 months.

Local market activity for 5 bedroom houses in Collingwood

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Collingwood for a free market appraisal.

Philip Middlemiss

at Re-define Real Estate

(113 reviews)

Get a free market appraisal

Matthew Gilbee

at My Agent Real Estate

(33 reviews)

Get a free market appraisal

Michael Paproth

at The Agency - Victoria

(32 reviews)

Get a free market appraisal

Angus Greene

at Jellis Craig Fitzroy

(86 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Collingwood

Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest