Vinci Carbone Property are pleased to be able to offer for sale this substantial holding in the heart of the highly sought after Coburg Shopping Precinct.
The availability of this exceptional property represents an extremely rare opportunity to secure a large holding that is available to be owner occupied or re-developed (STCA) in the short term with all tenancies expiring by September 2024.
Key attributes:
589 sqm* of Activity Centre zoned land with over 12m frontage to Sydney Road and over 15m to the rear
Significant development upside (STCA)
The Coburg Hub is located within the heart of the thriving Coburg Shopping Precinct with over 1,000 public car parking spaces
All 7 tenancies expire by September 2024
Gross Rental of $288,000 pa* plus GST
Exceptional opportunity for Owner Occupiers / Investors or Developers
405 Sydney Road, Coburg is located just south of the Bell Street and Sydney Road intersection and on the western side, considered the premium retail side of Sydney Road within the heart of the thriving Coburg Shopping Precinct.
The property’s brilliant retail location is substantiated by a plethora of local and national retail businesses surrounding the property including Woolworths, Coles, Dan Murphy’s Chemist Warehouse, NAB, Westpac, ANZ, Commonwealth Bank and Australia Post.
The property is easily accessible and benefits from all forms of public transportation with a tram line on Sydney Road, bus services on Bell Street and the Coburg Train Station some 2 minutes from the subject property.
*approx
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