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23-25 Gipps St - Glassworks 538 SF Office Condo Unit Offered at $191,781 in Collingwood, VIC 3066
Investment Highlights
- Allocated basement car spaces.
- Prime city-fringe position surrounded by cafes, retail and lifestyle amenity.
- Access to an on-site café.
- Only 2.5km from Melbourne CBD* and within 500m of all major public transport & arterials.
Executive Summary
The property is situated in Collingwood, approximately 3 km northeast of Melbourne’s CBD, within a vibrant commercial and creative precinct. It offers proximity to major transport routes, including Hoddle Street and Victoria Parade, and is well-served by tram and bus networks. The surrounding area features a mix of office, retail, and hospitality uses, contributing to a dynamic business environment. The site is zoned Commercial 2 and includes secure on-site parking and modern office amenities.
1 Unit Available
Unit 5
| Unit Size | 538 SF | Sale Type | Investment or Owner User |
| Price | $191,781 | No. Parking Spaces | 1 |
| Price Per SF | $356.47 | APN/Parcel ID | CM2\PS421685 |
| Condo Use | Office |
| Unit Size | 538 SF |
| Price | $191,781 |
| Price Per SF | $356.47 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| APN/Parcel ID | CM2\PS421685 |
Description
5/23-25 Gipps Street comprises a ground-floor office/retail unit of approximately 50 m² with a single basement car park. It includes amenities such as a kitchenette, restrooms, HVAC, and security features. The asset is positioned in Collingwood’s mixed-use district, within close proximity to Melbourne CBD and major transport corridors. Surrounding area provides substantial lifestyle and retail amenity.
Sale Notes
5/23-25 Gipps Street represents a rare city-fringe investment opportunity within a tightly held Collingwood precinct. This ground-floor office suite spans approximately 50 m² and is securely leased to a long-standing tenant, Adapt Solutions Pty Ltd, until September 2026, delivering consistent income with the ability to renegotiate or occupy post-lease for future flexibility.
The property combines a functional open-plan office environment with modern amenities, including a kitchenette, two internal restrooms, and an integrated heating and cooling system. Security features include an alarm system, and the suite provides one basement car space for added convenience.
The building offers an on-site café and is surrounded by vibrant hospitality and retail amenities, positioning the asset in one of Melbourne’s most in-demand commercial locations. With proximity to major transportation links, arterials, and only 2.5 km from Melbourne’s CBD, this asset offers long-term stability paired with future upside potential.
Office space
Office space
Office space
Property Facts
| Total Building Size | 67,210 SF | Typical Floor Size | 13,110 SF |
| Property Type | Office (Condo) | Lot Size | 0.10 AC |
| Building Class | B | Parking Ratio | 0.29/1,000 SF |
| Floors | 4 |
| Total Building Size | 67,210 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 13,110 SF |
| Lot Size | 0.10 AC |
| Parking Ratio | 0.29/1,000 SF |
Amenities
- Restaurant
- Air Conditioning
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23-25 Gipps St - Glassworks
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