101 Johnston St 1,938 SF Retail Building Collingwood, VIC 3066 $1,034,411 ($533.89/SF)

This rare investment opportunity combines a secure national tenant with a versatile mixed-use property in a highly desirable location. The asset features a commanding north-facing, double-storey Victorian building comprising a prominent retail shopfront and a three-bedroom residence above. Occupying approximately 250–255 sqm of land with ROW access and parking for two vehicles, the property offers both immediate income and future value-add potential.
Currently leased to Australia Post, a secure nationwide tenant, the property generates an annual income of approximately $64,081 plus GST, with CPI annual rent reviews. The lease runs until September 30, 2027, with one further option of four years, ensuring long-term stability for investors.
The ground floor includes a spacious retail area, dining room, modern kitchen with meals area, and a tranquil courtyard garden. Upstairs, the residence offers three bedrooms, a central bathroom, and a bright living space with district views. The property retains ornate Victorian features such as high ceilings, complemented by modern comforts including split system heating and cooling.
Zoned Commercial 1, this property provides flexibility for future enhancements while benefiting from its current strong covenant. With its combination of character, functionality, and secure tenancy, this investment is an exceptional addition to any portfolio.