565-581 Sydney Road, Coburg, VIC 3058

Development/Land | Retail | Hotel/Leisure

Sold

  • Property ID: 351635
  • Floor Area: 150m²
  • Land Area: 1858m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 150m2 1858m2 Contact Agent
Blue-Chip Woolworths Petrol Freehold Investment with a Big Future

Future-proof landbank opportunity with lucrative yield, leased to Blue-Chip fuel and convenience tenant, with 540 sites nationally and 5,000 sites globally to be sold via Auction on Wednesday 11th December from 11:00am at Crown Casino.

The strategic 1,858 sqm* site on the homeward-bound side of Sydney Road is located in one of Melbourne's most important arterials and development corridors, boasting a generous Sydney Road frontage of over 60 metres* and rear right-of-way access.

Situated 7.5 km* from Melbourne CBD, in the heart of Moreland's intensive redevelopment and gentrification precinct, forecast to promote 25% local population growth by 2036, *** the property is positioned within close proximity to Coburg Train Station, Woolworths, Coles, Dan Murphys, KFC, Commonwealth Bank, ANZ and Bank of Melbourne (all within 650 metres*) and number 19 Tram route past the front door.

Supporting its strong underlying land value is its significant future redevelopment potential (STCA) with Activity Centre Zoning and preferred building height of 21.6 metres allowing for 6-levels.**

Close proximity (250 metres*) to Pentridge redevelopment worth $1 billion+ including 1,500 residential apartments, 18-storey Adina Hotel, Ritchies Fine Foods Supermarket and 15-screen Palace Cinema.****

Estimated net rental $264,790.92 pa.

Investment Portfolio Auction 133

*Approx
**Australian Financial Review
***land.vic.gov.au
****forecast.id
*****The Urban Developer and Shopping Centre News

Additional Information
Features
  • Availability: Upon settlement
  • Lease Term: Fifteen (15) years with 4 further terms of Five(5) years
  • Rent Review: Annual CPI
  • Car Spaces: On-site
Outgoings
  • Water Rates: TBA
  • Land Tax: TBA
  • Council Rates: TBA
  • Owners Corp. / Insurance: TBA
  • Other Charges: TBA
Coburg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $459 ---
Retail --- $504 ---
Industrial --- $205 ---
This is the average advertised price, rent and yield for Coburg, VIC 3058*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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