Collingwood’s development scene is firing in all regards, as evidenced by the recent sale of a irregularly small site at 109 Langridge Street.
Demand for developable Collingwood land is intense, which earlier this month led to an impressive sales outcome for the mini site which is zoned commercial 2. Capable of being developed, 109 Landridge Street sold at the hands of Beller Commercial for $1.085 million, or more than $10,000 per square metre.
Liam Rafferty of Beller Commercial pointed toward the 108 square metre becoming a multi-level office redevelopment, or being held as a landbank opportunity in the fast-evolving precinct.
A look at the Urban.com.au Project Database listings in the immediate area surrounding 109 Landridge Street reinforces the strength in the Collingwood development scene.
Future Collingwood developments will further diversify the suburb’s development boom. A permitted office scheme for 23 Little Oxford Street was recently snapped up by developer/builder Drakk Pty Ltd, whilst hotel developments are also in the pipeline.