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131 Sydney Road
Coburg VIC 3058
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Sold on 21 Dec 2021

131 Sydney Road Coburg VIC 3058

  • Shop & Retail
  • 192 m²
  • Sold

Corner Tenanted Investment With Value-Add Opportunity

    * 220 sqm land area
    * 192 sqm floor area
    * Activity Centre Zone
    * Leased to a long term, established tenant with 4 years remaining on the lease
    * Returning $52,450 per annum net
    * Two street frontages, 5.7 metres to Sydney Road and 40 metres to Carron Street
    * Council permit approved for outdoor canopy at the rear of the property and outdoor seating on Carron Street
    * Nearby tenants include Ampol Service Station, Ray White Coburg, Coburg Dental Group, Aussie Home Loans, and Central Melbourne Cardiology
    * Structurally sound building with some need for minor cosmetic upgrades

    Property Highlights

    Date Sold21 Dec 2021
    Floor Area192 m²
    Land Area220 m²
    ParkingAsk Agent
    Property ID2017374110
    Category
    Last updated  29 Jan 2022
    Map for 131 Sydney Road Coburg VIC 3058

    Property Highlights

    Date Sold21 Dec 2021
    Floor Area192 m²
    Land Area220 m²
    ParkingAsk Agent
    Property ID2017374110
    Category
    Last updated  29 Jan 2022
    Suite 6, 609 Canterbury Road Surrey Hills VIC 3127

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