Seize the chance to invest or develop in one of Melbourne's most dynamic growth corridors with this permit-approved, high-exposure site on Sydney Road, Coburg.
About Coburg - Vibrant, Connected, and Rapidly Growing:
Coburg is one of Melbourne's most culturally rich and rapidly evolving inner-northern suburbs, located just 8km from the CBD. A longstanding hub of diversity, commerce, and community, Coburg has in recent years emerged as a key focal point for developers, investors, and lifestyle seekers alike.
Key Highlights of the Coburg Locale:
• Bustling Sydney Road Precinct:
The property is situated directly on Sydney Road, one of Melbourne's longest and most iconic retail and dining strips. This high-traffic location is teeming with local businesses, national brands, cafes, grocers, and service providers.
Strong pedestrian activity and street presence make it ideal for both residential appeal and commercial footfall.
• Unrivalled Connectivity:
Exceptional public transport access with Sydney Road tram services (Route 19) and Moreland Train Station both within short walking distance.
Multiple bus routes, bike paths, and easy car access to major arterials such as Bell Street and CityLink.
• Demographic & Rental Appeal:
A popular choice among young professionals, students, and families due to proximity to the CBD, universities, and vibrant lifestyle amenities.
High demand rental market supported by strong occupancy rates and consistent capital growth over the past decade.
• Local Amenities & Lifestyle:
Within walking distance to parks (like Bridges Reserve and Coburg Lake Reserve), schools, and community facilities.
Home to a multicultural food scene, organic grocers, artisan bakeries, and boutique retail, making it a hotspot for Melbourne's modern urban lifestyle.
• Development & Urban Renewal:
Coburg is experiencing significant urban transformation, including mixed-use developments, upgraded transport hubs, and streetscape improvements.
The City of Merri-bek (formerly Moreland Council) continues to support density and well-planned development in activity zones, particularly along Sydney Road
This combination of location, lifestyle, and long-term development strategy makes Coburg a strategic choice for property investment and development. It's not just about building - it's about tapping into one of Melbourne's most compelling
Property Overview:
• Address: Prime Sydney Road frontage
• Land Size: 388m²*
• Total Building Area (Approved): 2,934m²*
• Retail Space: 300m²* on Ground Floor
• Design Approval:
7-level mixed-use building
15 boutique apartments
1 ground floor commercial tenancy
Rooftop amenity potential (STCA)
• Current Income:
• Retail Lease:
$57,000 p.a. + GST + outgoings
5-year term from 6 July 2023
3% fixed annual increases
• Residential (1st Floor):
2-bedroom apartment
Month-to-month lease returning $1,608 PCM
• Key Features:
Transport: Steps to tram line & Moreland Train Station
Access: Surrounded by council parking + 2 rear on-site car spaces
Surroundings: Premier retail, dining & lifestyle precinct
• Auction Details:
Date: Wednesday, 26th June
Time: 12:30 PM On-Site
Terms: 10% deposit, balance in 60/90 days
For more information including copy of plans and permit, or to arrange a viewing, please contact us today.
Patrick Mammone 0405 555 000
Anthony Zammit 0458 000 000
Kevin Paghdar 0426 510 510
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist - http://www.consumer.vic.gov.au/duediligencechecklist
