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850 Sydney Road Coburg North Vic 3058

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SOLD

850 Sydney Road Coburg North Vic 3058

Properties / Sold / Victoria / Coburg

Development Potential

1. Property Summary

Property Type

Residential, Mixed Use

Sub Type

Apartment Sites, Townhouse Sites

Land Area

617 m² (*approx)

Selling Method

SOLD:

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2. Property Highlights

HIGH PROFILE INVESTMENT / DEVELOPMENT OPPORTUNITY

SOLD!

A prime location just north of Bakers Road finds this large corner-block property offering immediately rewarding investment returns along with exceptional long-term commercial/residential redevelopment potential (STCA). Currently leased at $35K per annum plus outgoings (CPI indexed), the property includes spacious office areas, staff amenities, showroom and workshop.

Key attributes include a total area of approximately 617sqm (with 43m+ frontage on Goleen Street), as well as Mixed Use Zoning (MUZ) and minimal gradient across the block. Buses out front and tram stop on the next corner, it's also walking distance to Merri Creek trails and De Chene Reserve, easy access to schools, cafes and major shopping precincts. Position and potential - this is the one!

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