288 Sydney Road, Coburg, VIC 3058

Offices | Development/Land | Retail

Sold

  • Property ID: 379929
  • Floor Area: 324m²
  • Land Area: 220m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Whole Building Sold N/A 324m2 220m2 Contact Agent
EXPOSURE, INCOME AND ENDLESS OPPORTUNITIES

POINT OF INTEREST:
Currently occupied by two long-standing tenants, this two-storey freehold is suited those who are looking for an immediate return on their investment today, and the flexibility of endless opportunities tomorrow — whether that’s to occupy, develop or continue to capitalise on rental yield. Prominently positioned within one of Melbourne’s rapidly evolving fringe suburbs, this highly sought-after Sydney Road address features off-street parking, bathroom, plus kitchen amenities and public transport conveniently on its doorstep.

Building area of 324 sqm*.
Land area of 220sqm*.
Investment returning $67,836 per annum net.
Circa 5% yield.
6m* frontage to Sydney Road including direct vehicle access.
On-site parking.
Air-conditioning and heating throughout building.
Close proximity to Coburg train station and Route 19 tram.
Bathroom and kitchen amenities on first and second floor.
High exposure with foot and vehicle traffic.
Flexibility once current leases ends.

POINT OF VIEW:
Flexibility, exposure and endless opportunities in the future are just 3 of the reasons why 288 Sydney Road is a smart acquisition for any astute investor. The other 67,836 certainly help too!

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: As per tenancy schedule
  • Rent Review: As per tenancy schedule
  • Car Spaces: 3 on-site
  • Condition: Excellent
  • Air Conditioning: Yes - split systems throughout
  • Floors: Tile / Carpet
  • Lifts: No
  • Height: 2.5m (approx)
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $1,030.64 per annum (approx)
  • Land Tax: $1,375.00 per annum (approx)
  • Council Rates: $2,457.00 per annum (approx)
Coburg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $292 ---
Industrial $2821 --- ---
Offices $6606 $366 5.54%
This is the average advertised price, rent and yield for Coburg, VIC 3058*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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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