Bunnings Warehouse in Collingwood has become one of the suburb's priciest properties after a deal to sell it was hammered out for an undisclosed sum believed to be north of $62.5m. And its new owner is a super-wealthy Melbourne-based private investor. Worth more than a few snags off the barbecue, the 179-201 Victoria Pde property was put to the market with expectations of a sale price that would turn its more than $3.115m annual net income into a 5 per cent yield for its new owner — about $62.5m.

https://www.realcommercial.com.au/news/bunnings-collingwood-sold-in-mega-deal-as-wealthy-holckner-family-offloads-to-private-investor

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