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1 Derby Street Dormitory For Sale Collingwood, VIC 3066
Investment Highlights
- The property is located on the fringe of Melbourne’s central business district, offering strong connectivity to the city.
- Public transport access is available through nearby train stations and tram routes, enhancing accessibility.
- It is within walking distance of Smith Street and Gertrude Street, known for retail, dining, and lifestyle amenities.
Executive Summary
1 Derby Street in Collingwood presents a rare opportunity to acquire a secure, income-producing freehold asset in one of Melbourne’s most dynamic inner-city precincts. The property delivers immediate cash flow through an established rooming house operation, generating $125,000 per annum plus outgoings under a long-term lease with annual increases. Its location on the CBD fringe ensures consistent demand from students and professionals, supported by proximity to major universities, hospitals, and lifestyle destinations such as Smith Street and Gertrude Street. With a permit to accommodate 27 residents, the property offers strong rental reversion potential and future upside through reconfiguration or redevelopment. This acquisition combines reliable income with long-term capital growth fundamentals in a tightly held market where opportunities of this nature are increasingly scarce.
Property Facts
| Sale Type | Investment | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 4,628 SF |
| Property Subtype | Dormitory | No. Stories | 2 |
| Building Class | C |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,628 SF |
| No. Stories | 2 |
Amenities
Site Amenities
- 24 Hour Access
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1 Derby Street
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