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227 Collins St - Wales Corner 1,076 SF Office Condo Unit in Melbourne, VIC 3000
Investment Highlights
- Current rental income of $55,000 per annum plus GST.
- Prestigious Collins Street location in Melbourne’s CBD.
- Two tenancies leased to one tenant on a five-year term.
Executive Summary
227 Collins Street, known as Wales Corner, is a multi-tenant office building located in Melbourne’s central business district. The property is positioned at a prominent intersection, offering strong connectivity to public transport, including trams and nearby train stations. Surrounding amenities include retail, dining, and major commercial services within the Collins Street precinct.
Property Facts
| Total Building Size | 118,048 SF | Typical Floor Size | 6,943 SF |
| Property Type | Office (Condo) | Year Built | 1966 |
| Building Class | C | Lot Size | 0.27 AC |
| Floors | 17 |
| Total Building Size | 118,048 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 17 |
| Typical Floor Size | 6,943 SF |
| Year Built | 1966 |
| Lot Size | 0.27 AC |
Amenities
- Banking
- Bus Line
- Commuter Rail
1 Unit Available
Unit 1205
| Unit Size | 1,076 SF | NOI | $38,713.40 |
| Condo Use | Office | APN/Parcel ID | 1\PS425082 |
| Sale Type | Investment or Owner User |
| Unit Size | 1,076 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| NOI | $38,713.40 |
| APN/Parcel ID | 1\PS425082 |
Description
Suite 1205 at 227 Collins Street, Melbourne, is a 100 m² office space within a 16-storey commercial building constructed between 1964 and 1966. The building’s design and location provide both historical significance and enduring appeal for businesses seeking a central, well-connected base.
Sale Notes
This rare development opportunity in the sought-after Black Hill precinct offers a substantial landholding of approximately 3,520 m², complete with plans and due diligence ready for permit submission. The site is zoned General Residential Zone 1 (GRZ1), providing flexibility for residential development and making it an attractive proposition for developers and investors alike.
Located just minutes from Ballarat’s thriving CBD, the property benefits from proximity to key lifestyle amenities including Ballarat Eastern Oval, Black Hill Reserve, and a range of quality schools. Excellent transport connectivity is assured with Ballarat Train Station nearby, offering convenient commuter access to Melbourne and surrounding areas.
With Ballarat experiencing strong demand for infill development sites, this parcel represents a significant opportunity to capitalize on the region’s growth trajectory. Whether your strategy is immediate development or long-term land banking, this property delivers both potential and position in one of Ballarat’s most desirable neighborhoods.
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227 Collins St - Wales Corner
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