477 Sydney Road, Coburg, VIC 3058

Retail | Offices

Sold

  • Property ID: 385928
  • Floor Area: 410m²
  • Land Area: 388m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 410m2 388m2 Contact Agent
FLEXIBILITY ON ANOTHER LEVEL

POINT OF INTEREST:
Situated in the midst of the always active Sydney Road commercial precinct, is this two-storey retail and apartment combination, which is for sale via auction on Wednesday the 28th of April at 12pm. Set on a 388 sqm* block, the ground floor consists of a retail space including kitchenette, staff amenities, ducted heating and cooling, plus two car spaces at the rear, currently leased until 30th June 2021. Additionally, the first floor boasts an 85 sqm* two-bedroom apartment currently leased until 15th August 2021.

A unique freehold property with incredible main road exposure thanks to Sydney Road and nearby Bell Street, the new owners have the potential to occupy, continue to lease out and / or value add to the current improvements. And in such a prominent inner north location, the chance to be this flexible in operations is a rare one.

- Total building area of 410 sqm*.
- Ground floor retail of 325 sqm*.
- First floor two-bedroom apartment of 85 sqm*.
- Short term income: $142,806.24
- Generous site area of 388m2* with over 8 metres* frontage
- Two on-site car spaces at the rear.
- Ducted heating and cooling on ground floor.
- 60 m* to the corner of Sydney Road and Bell Street.
- 450 m* to Coburg railway station and tram route 19 along Sydney Road.

POINT OF VIEW:
We’ve settled the Melbourne vs. Sydney debate. Sydney Road in Melbourne.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to a lease
  • Car Spaces: 2 at rear
  • Condition: Good
  • Air Conditioning: Yes
  • Floors: Concrete/Carpet
  • Lifts: N/A
  • Height: 2.7 metres approx
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $1,900 p.a approx
  • Land Tax: $2,375 p.a approx (single holding)
  • Council Rates: $5,891 p.a approx
  • Owners Corp. / Insurance: $2,000 p.a approx
  • Other Charges: $1,000 p.a approx (roofing and gutters)
Coburg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $517 ---
Industrial --- $175 ---
Retail $7500 $482 6.43%
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 Retail 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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