565-581 Sydney Road, Coburg, VIC 3058

Retail | Development/Land

Leased

  • Property ID: 431942
  • Floor Area: 150m²
  • Land Area: 1898m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Leased 16/10/2023 150m2 1898m2 Contact Agent
FOR THOSE IN THE BIG BUSINESS OF CONVENIENCE.

POINT OF INTEREST:
A fit-for-purpose asset within the centre of Melbourne’s busiest northern suburbs; this is the fuel for a formidable portfolio. The complete petrol station fit-out at 565-581 Sydney Road means underground fuel and LP gas installations, an attached canopy covering 6 pump islands, and a modern retail store with shopfront parking. Technically, it’s 150 sqm* of building sitting on a staggering 1,898 sqm* of Coburg land. And it’s not shy by a long shot, with 18,000 vehicles passing the 60+ m* frontage on a daily basis. Located within the heart of Moreland’s flagship precinct, this is 250 m* from the billion-dollar Pentridge redevelopment boasting premium apartments, retail, and recreation. Moreover, Coburg railway station sits 650 m* away and the 19-tram is even closer still. But as an asset that services vehicles a little smaller, the strategic location here lends itself to be a vital corridor between some of Melbourne’s busiest arterials — you’re 200 m* from Bell Street, 2.7 km* from St Georges Road, and 3.2 km* from the Citylink.

POINT OF VIEW:
- 150 sqm* total building area.
- 1,898 sqm* total land area.
- Activity centre zoning - schedule 1.
- Over 60 m* of Sydney Road frontage.
- 18,000* passing vehicles daily.
- 270 m* from Coburg’s retail precinct.
- 3 minutes* to Pentridge Shopping Mall.
- 1.5 km* from Melbourne CBD.

POINT OF VIEW:
Around the corner from a popular cinema or supermarket precinct, there isn’t a more convenient solution for locals and visitors — think of the Tuesday night Malteser-buyers and the Saturday morning sport-and-petrol runs.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 1st August 2023
  • Car Spaces: allocated on site
  • Condition: Excellent
  • Air Conditioning: Retail store
  • Floors: Concrete
  • Lifts: NA
  • Height: Various
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $2,000.00
  • Land Tax: TBA
  • Council Rates: $13,580.00
  • Owners Corp. / Insurance: $5,000 (estimate)
  • Other Charges: Air conditioning maintenance 1,000.00 (estimate)
Coburg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4444 $296 6.67%
Offices $6606 $352 5.33%
Industrial $2821 --- ---
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 Lease

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:

  • 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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