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SOLD

Cnr Sydney Road & Bell Street, COBURG, VIC 3058

Properties / Sold / Victoria / Coburg

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

753 m² (*approx)

Zoning

Activity Centre

Local Government

Moreland City Council

Selling Method

Expressions of Interest: Contact Agent

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2. Property Highlights

THE ICONIC ‘COBURG CORNER’ BUILDING WITH VALUE-ADD POTENTIAL

** SOLD **

Gross Waddell ICR is pleased to offer the opportunity to secure a landmark mixed-use building positioned at the gateway of Sydney Road, Coburg’s major retail and commercial precinct.

Property features include:

• High profile 1,193 sqm* mixed commercial freehold building

• Offering significant scale and flexibility, the configuration consists of 8 shops + first floor offices

• Considerable potential to value-add, strata subdivide, occupy or develop (STCA)

• Bustling corner land holding of 753 sqm* and favourably zoned Activity Centre Zone (ACZ)

• Offered with holding income via a number of long-standing tenants including the nationally recognised Ferguson Plarre Bakehouse

• High exposure frontages to both Sydney Road and Bell Street totalling 63 m*

• Central commercial location serviced by train & tram public transport, vast retail amenity, Coburg market plus significant neighbouring residential development

The property is for sale via Expressions of Interest, closing at 2:00 pm on Wednesday the 17th of August 2022. For further information or to inspect the property, please contact Gross Waddell ICR directly.

*Approx.

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