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  • 477 Sydney Road, COBURG, VIC 3058
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477 Sydney Road, Coburg, VIC 3058

  • Floor Area:
    2934sqm
    Land Area:
    388sqm

      • For Sale

      $3,275,000 - $3,475,000

      EXCITING NEW DEVELOPMENT WITH PERMITS - CONTACT AGENT TODAY !

      TOWN PLANNING DRAWINGS TO CONSTRUCT A

      7 LEVEL BUILDING- 15 APARTMENTS & 1 COMMERCIAL SHOP & ROOF TOP

      Key Features:

      Exceptional 7 level apartment building including ground floor retail.

      Prime position amongst Coburg's best shopping strip.

      Well connected to CBD via tram and train networks in immediate proximity.

      Council Car Parking - East and West of Building

      Land Area: 388 sq/m (approx.)

      Total Building Area 2,934 sq/m (approx)

      • Ground Floor Retail: 300 sq/m (approx.)

      • $57,000 PA +GST plus Outgoings

      • 5 Year Lease from 06.07.2023-Nil Further Terms

      • Rental Increases Annually fixed @ 3%

      • Rental grossly reduced due to proposed construction of development.

      • First Floor -2 Bedroom Apartment

      • Monthly Tenancy

      • Rental: $1,608.00 PCM

      • 2 On Site Car Spaces at rear

      • Terms: 10% DEPOSIT BALANCE 60/90 DAYS

      ACT NOW TO SECURE THIS RARE BUILDING OPPORTUNITY

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      avatar Tim Frlan
      Tim Frlan
      Commercial Managing Director

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L29166603
      • Property Type:Retail
      • Building / Floor Area:2934 sqm
      • Land Area:388 sqm
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