466-474 Smith St - Trilby Development 807 - 2,378 SF Office Condo Units in Collingwood, VIC 3066

Unit 2 has frontage to Smith Street, sitting within a reinstated red brick facade with direct access to internal foyer.

An exceptional opportunity awaits to acquire one of the last remaining brand-new office suites in the heart of Collingwood’s vibrant Smith Street precinct. This boutique property combines contemporary design with a classic red-brick façade, offering a timeless streetscape presence. Each tenancy provides direct frontage to Smith Street along with access to a stylish internal foyer, creating a welcoming and functional environment for occupiers or investors.

Owners will benefit from a central location near Alexandra Parade, granting seamless connectivity to the Eastern Freeway for rapid city and suburban travel. With a tram stop positioned right at the doorstep, the property ensures unmatched convenience for clients and staff alike. The offices are fitted with high-quality finishes, air conditioning, and modern amenities including built-in kitchens, complemented by secure basement parking.

Unit 4 at 474 Smith Street, Fitzroy is an office space located on the ground floor of the Trilby development. The site is situated approximately 2.5 km north of Melbourne’s central business district, within a mixed-use precinct along Smith Street. Annual rent review at 2.5% per annum ensuring built-in income growth and secured by a government tenant with an initial six-year lease term and automatic three-year option mechanism.

This fully leased ground-floor office presents a secure, income-producing investment in one of Melbourne’s most dynamic inner-city locales. Positioned at the northern end of Smith Street, within 2.5 km of the Melbourne CBD, the property is part of the landmark Trilby development—a premium mixed-use asset designed for high exposure and enduring value.
The property is anchored by a government tenant on a six-year term with an additional three-year option, delivering excellent covenant security. Current rental income totals $98,000 gross annually with 2.5% annual increases, providing predictable growth and long-term stability. With net returns of approximately $86,950 after modest outgoings, this asset is structured for consistent cashflow.