Information Memorandum: 354 Smith Street, Collingwood
As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
01. Point of Interest 02. Point of View 03. Property Features
04. Property Particulars
05. Location
06. Sales Process
07. Appendices Floor Plan
A prime-cut investment that’s all sizzle and substance. Located at the centre of Collingwood’s rare Smith Street centre, this compact but cleverly tenanted restaurant freehold is your next passive performer. Leased to Belly Q — a crowd-pleasing Korean barbecue restaurant — this 181 sqm* property serves up reliable income, strong local trade, and a front-row seat in one of Melbourne’s most walkable, livable and investable pockets. Just 50 m* from the Smith and Johnston Streets intersection, you’re also 400 m* from Alexander Parade, 750 m* from Hoddle, and surrounded by every of-the-moment restaurant, bar, and retail option. Whether you’re chasing steady returns, future development upside, or just a seat at the city’s coolest table, 354 Smith Street is where every sign points to success.
Building Area.
per annum + GST and outgoings.
Lease commenced in 2022. Tram Stop.
Freehold hospitality investment in the heart of Collingwood. zoning.
from Smith and Johnston Streets intersection.
Leased
popular Korean restaurant Belly Q.
The property at 354 Smith Street offers a thoughtfully fitted hospitality venue with a unique, character-filled interior that blends industrial charm with modern finishes. The main dining area features a mix of timber and metal furnishings, pendant lighting, and exposed brickwork, creating a warm and inviting space ideal for both casual and group dining. Thoughtful details like vertical plant features and ambient ceiling lights add to the appeal, making it a versatile space for day-to-night trading.
Toward the rear, a secondary dining zone or flexible utility space offers further seating capacity or potential for private dining or events. This section is equally well-designed, with creative wall decor, soft lighting, and greenery that reinforces the venue’s distinctive style. infrastructure. The tiled flooring and walls ensure compliance with health and safety standards, while the layout supports a smooth workflow for busy kitchen operations. Overall, this property presents a strong opportunity for an owneroperator or investor to capitalise on an established hospitality setup in the heart of Collingwood.
The second floor, falling under the same single tenancy, features a two-bedroom dwelling, with a full kitchen, bathroom, generously sized living room and modern appointment
Principle Outgoings
Site Details Frontage to street
Title particulars
Total site area
Certificate of Title — Volume 2593 Folio 597
Lot 1 on Plan of Subdivision TP567292
Zoning Commercial 1 Zone (CIZ)
Planning Overlays
Municipality
sqm*
Development Contributions Plan Overlay — Schedule 1 (DCP01)
Design And Development Overlay - Schedule 30 (DDO30)
Heritage Overlay (HO333)
City of Melbourne
All signs point to: Smith Street.
Collingwood continues to emerge as one of Melbourne’s most dynamic and soughtafter commercial precincts, offering businesses a rare mix of culture, connectivity, and growth potential. Here are some notable aspects and benefits of buying property in this area:
Prime Inner-City Location:
Smith Street sits just 2–3 km from Melbourne’s CBD, offering easy access to major transport routes, trams, and bike lanes. It provides the convenience of a central location without the premium CBD costs.
Vibrant Mixed-Use Precinct:
The suburb blends hospitality, retail, creative industries, and tech/startup hubs. Businesses benefit from high foot traffic, a lively atmosphere, and proximity to complementary services.
Creative & Cultural Hotspot:
Smith Street is known for its artistic energy and progressive vibe, attracting design studios, media companies, galleries, and independent retailers. It’s a place where brands can align with a strong urban identity.
Strong Demographics & Talent Pool:
With a mix of young professionals, students, and creatives, the local workforce is diverse and skilled. Many start-ups and innovative firms choose Collingwood for this reason.
Business-Friendly Infrastructure:
There’s a growing number of co-working spaces, refurbished warehouses, and modern office conversions, making it easy for businesses to find flexible workspaces with character.
Strategic. Visible. Connected.
Investing in property along Smith Street in Collingwood places your acquisition at the heart of one of Melbourne’s most energetic and evolving commercial hubs. With its unbeatable inner-city location, diverse business landscape, and strong cultural identity, the area offers the perfect blend of convenience, creativity, and opportunity.
All signs point to: Collingwood.
Collingwood has rapidly become one of Melbourne’s most sought-after commercial precincts, combining proximity to the CBD with excellent public transport, road, and bike access. Known for its creative energy and distinctive blend of heritage charm and modern developments, the suburb attracts a diverse mix of professionals, startups, and established businesses. With vibrant retail and hospitality offerings—highlighted by Smith Street, named the “coolest street in the world” by Time Out—Collingwood offers a unique lifestyle appeal that helps businesses attract both talent and customers.
Its strong community, increasing development activity, and business-friendly infrastructure position it as a prime location for forwardthinking investors seeking long-term growth and a competitive edge.
Private Sale Process
At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process.
To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer.
1. Submitting Offers
Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration.
2. Review Process
Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received.
3. Contract and Settlement
Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor.
We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.
For more information, contact
Luca Angelico
0447 772 782
luca.angelico@ cva.melbourne
John Servinis 0418 575 165 john.servinis@ buxton.com.au
