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565-581 Sydney Road, COBURG VIC, 3058

Sold
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Property Sold in 565-581 Sydney Road, COBURG VIC, 3058

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11369403
Status:
Sold
Last Updated:
12/02/2020
Price:
Price on request
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Property Type

Retail/Showrooms/Bulky Goods/Industrial/Warehouse
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Land Area

1858 SQM
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Floor Area

150 SQM
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Parking

N/A

Blue-Chip Woolworths Petrol Freehold Investment with a Big Future

Secure, long-term lease to Blue-Chip fuel and convenience tenant, with 540 sites nationally and 5,000 sites globally.

Strategic 1,858 sqm* site on homeward-bound side of Sydney Road, one of Melbourne’s most important arterials and development corridors.

Generous Sydney Road frontage of over 60 metres* and rear Right-of-Way.

Strong underlying land value with close proximity to Coburg Station, Woolworths, Coles, Dan Murphy’s, KFC, Commonwealth Bank, NAB, ANZ and Bank of Melbourne (all within 650 metres*) and 19 Tram route past the front door.

7.5 km* from Melbourne CBD, in the heart of Moreland’s intensive redevelopment and gentrification precinct, forecast to promote 25% local population growth by 2036.***

Significant future redevelopment potential (STCA) with Activity Centre Zoning and preferred building height of 21.6 metres allowing for 6-levels.**

Close proximity (250 metres*) to Pentridge redevelopment worth $1 billion+ including 1,500 residential apartments, 18-storey Adina Hotel, Ritchies Fine Foods Supermarket and 15-screen Palace Cinema.****

Future-proof landbank opportunity with lucrative yield.

Estimated net rent $264,790 pa.

 

Investment Portfolio Auction 133

From 11am Wednesday 11 December 2019

 

*Approx

**land.vic.gov.au

***forecast.id

****The Urban Developer and Shopping Centre News

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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