35-39 Sydney Road,
Coburg, VIC 3058

Superb development opportunity situated in prime inner city location, enjoying the vibrancy and exposure of a busy thoroughfare that is iconic Sydney Road, this parcel of real estate with rear lane-way provides an amazing development opportunity and a vast array of opportunities to future owners.

With the advantage of high traffic volume, a vibrant, amenity rich hub and Sydney Road location, this property enjoys the convenience of close proximity to: Moreland train station, city bound tram, shops, cafes, Lygon Street and Melbourne CBD.

With the additional benefit of plans and permits in place, this valuable property provides buyers the choice of either occupying, investing or development.

For the investor looking for a generous return or land banking purposes, the potential rental income is $45,000 per annum plus GST. Suitable for a motor mechanic, car dealership and other types of businesses to operate from.

Key attributes of this highly potential property are:

•Central Sydney Road, Coburg location
•Offered with plans and permits for development of mixed use apartments with an option of -
*1 large combined commercial or 3 reasonable size commercial shops
*17 apartments comprising of eleven x 2 bedrooms, three x 3 bedrooms, and three x 1 bedroom apartments.
•Land size of 498m2*
•Generous size street frontage with rear laneway access
•Sixteen vehicle capacity yard with designated office
•Large garage with rear roller access and kitchenette
•Commercial 1 Zoning
•Potential Rental Income of $45,000 per annum plus GST and outgoings
•Trams and train station just a short stroll away
•Supported by an abundance of retail options close to Coburg’s core retail precinct
•A rare opportunity to develop, invest or occupy in a prominent inner northern location

*VCAT approved for a further two or three extra levels on top of the current six level plans and permit, subject to council approval*

An amazing opportunity to develop, occupy or invest in a slice of Sydney Road!

Price Reduced To Sell - Don't Miss Out On This Superb Opportunity!

For further information or to arrange an inspection, please contact Colin Rounds on 0419 015 8....

*Approx.