Colliers is exclusively bring to market a prime freehold  investment opportunity with development upside at 103 Victoria Parade, Collingwood. The exceptional property features a 41-metre frontage and is strategically located at the intersection of  vibrant, amenity-rich Collingwood and affluent, tightly-held East Melbourne. 

The property encompasses a three-storey specialised pathology laboratory with an associated office, a basement, an undercroft, and at-grade parking. It is currently leased to an ASX-listed healthcare company until March 2028, providing a secure income stream from a leading global healthcare  provider. 

Sitting on 4,069sqm of prime land, the property is located within a Commercial 1 Zone along the  picturesque Victoria Parade, just 1.2 kilometres from Melbourne’s CBD and Parliament Station.  

Colliers Managing Director of Capital Markets, John Marasco, said, “This property presents a unique  investment opportunity due to its strategic location, secure income stream, and substantial future  development potential.” 

“The underdeveloped land holds significant opportunity for a range of mixed-use outcomes, with  planning supporting a preferred 12 levels or 40 meters of building height.” 

The property is ideally located within vibrant Collingwood on the northern side of Victoria Parade,  just east of Wellington Street. Over the past decade, Collingwood has transformed into a high-quality  mixed-use area featuring modern office buildings, residential towers, and heritage structures amid  Melbourne’s iconic bluestone laneways. To the south lies East Melbourne, renowned for its high value properties, extensive parklands, and proximity to the MCG. 

Additionally, 103 Victoria Parade is positioned on the edge of Melbourne’s renowned Biomedical  Precinct, surrounded by major healthcare and education facilities, including Epworth Freemasons  Hospital, St Vincent’s Private Hospital, and the Australian Catholic University.

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