Coburg's New Blue Chip Commercial Hub

Sold - 592 Sydney Road, Coburg

Development/Land (Offices, Retail, Industrial, Hotel/Leisure, Showroom, Medical, Rural, Residential)

Sale Details

Sold on 08 Oct 2020

Building Area 493m²
Land Area 1260m²
Comments: Sold with a rental return of $73,000.00p.a. with a 3 year lease term

Overview

Sale History ID: 33440
Property ID: 16328
Advertised Price: Contact Agent

Description

Substantial two street frontage, high profile building and display yard with over 30* metres exposure to Sydney Road & Champ Street.

This magnificent 1,260m2* site comprises a Showroom/Warehouse of 493m2* offering front and rear roller door access, lofty, clear span warehouse, ground and first floor office and secure fencing. Additionally, the site offers a great opportunity to undertake a multi level, mixed use development of up to five (5) levels (STCA) courtesy of its flexible Activity Centre Zoning.

The property is conveniently located on Sydney Road, one of Melbourne's most iconic shopping precincts with an abundance of thriving culture, retail shops, cafes and restaurants and specialist food stores. The property is well serviced by Bell Street as well as Pascoe Vale Road and City Link Freeway. Public transport options are right on your doorstep with the number 19 Tram servicing Sydney Road and Coburg Railway Station under 1* kilometre walk away.

Further complimenting the property is its close proximity to the new and exciting, multi million dollar Pentridge Development. The proposed development comprises 1500* residential apartments, 6,500m2* Piazza lined with cafes & restaurants, an 11,000m2* shopping centre including a supermarket, 15 screen cinema, hotel, huge commercial complex, speciality shops and more, further enhancing the area by transforming it into an integrated community hub.

Property features include:

- Showroom/Warehouse: 493m2*
- Site area: 1,260m2*
- Flexibility of two (2) titles
- Two street frontage plus side lane way
- Flexible Activity Centre Zoning
- Secure steel fencing and multiple gates
- Prime inner suburbs location 10 kms* from Melbourne CBD

For further information or to inspect, please contact CVA Property Consultants.

*Approx.
Pricing excludes GST

Additional Info
Features
Age20 Years
Air ConditionerYes in Office
AvailabilityImmediate
Car Parking FeesNo
Car SpacesAmple
ConditionGood
FloorsConcrete
Height6-7 Metres
LiftsNo
Permits IssuedNo
Roller DoorsYes 2, Front & Rear
SprinklersNo
ZoningActivity Centre Zoning (ACZ1)
Outgoings
Owners’ CorporationTBA
Council Rates$5,504.00 per annum approx
Water Rates$1,150.00 per annum approx
Land TaxTBA
Essential Safety MeasuresPaths of Travel $160.00 per annum approx
Other ChargesBuilding Insurance $2,750.00
Agent Details
CVA Property Consultants - Leo Mancino

Leo Mancino

M | 0418 343 147
T | (03) 9623 2570
E | [email protected]

CVA Property Consultants - Craig McKellar

Craig McKellar

M | 0431 892 780
T | (03) 9623 2571
E | [email protected]