385 Sydney Road,
Coburg, VIC 3058
Shops & Retail • Medical & Consulting
Price information
Sale
Asking $1,100,000 - $1,200,000
Key property information
Floor area
Parking info
Zoning
Tenure type
Private inspections
to arrange a private inspection.
Map of 385 Sydney Road
Train stations within 5 km of 385 Sydney Road, Coburg, VIC 3058 Distance Coburg Station 324 m Moreland Station 1.2 km Batman Station 1.2 km Anstey Station 1.9 km Brunswick Station 2.6 km POWERED BY HERE ©Tram stops within 5 km of 385 Sydney Road, Coburg, VIC 3058 Distance 32-Harding St/Sydney Rd (Coburg) 50 m 32-Munro St/Sydney Rd (Coburg) 79 m Victoria Stsydney Rd 137 m 33-Coburg Market/Sydney Rd (Coburg) 155 m 34-Bell St/Sydney Rd (Coburg) 337 m POWERED BY HERE ©Bus stops within 5 km of 385 Sydney Road, Coburg, VIC 3058 Distance Sydney RdMunro St 49 m Sydney RdHarding St 83 m Coburg Railway Station/Munro St (Coburg) 186 m Chambers St/Harding St (Coburg) 279 m Coburg PS/Bell St (Coburg) 313 m POWERED BY HERE ©
POWERED BY HERE ©
Premium Investment without the Price Tag
The Investment
* 190 sqm of lettable floor space across 2 tenancies
* Space for 2 car spaces at the rear
* Front tenant Halfpenny Pharmacy paying $50,392.80 per annum net
* Current lease expires December 13 2026 plus 3 x further options of 5 years
* 3% annual reviews (+ market reviews at each option)
* Rear tenant Statewide Sewing Centre paying $15,000 per annum plus outgoings and GST
* 1 year lease plus 2 x further options of 2 years
* 3% annual reviews
* Total return $65,392.80 per annum plus outgoings and GST
The Location
* Located in arguably the best section of Sydney Road
* Bell Street 150 metres to the north
* Over 1000 car spaces at the rear
* Nearby operators include Coles, Woolworths, Chemist Warehouse, ANZ, Commbank, Westpac, Dan Murphys, and Dominos Pizza
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
* 190 sqm of lettable floor space across 2 tenancies
* Space for 2 car spaces at the rear
* Front tenant Halfpenny Pharmacy paying $50,392.80 per annum net
* Current lease expires December 13 2026 plus 3 x further options of 5 years
* 3% annual reviews (+ market reviews at each option)
* Rear tenant Statewide Sewing Centre paying $15,000 per annum plus outgoings and GST
* 1 year lease plus 2 x further options of 2 years
* 3% annual reviews
* Total return $65,392.80 per annum plus outgoings and GST
The Location
* Located in arguably the best section of Sydney Road
* Bell Street 150 metres to the north
* Over 1000 car spaces at the rear
* Nearby operators include Coles, Woolworths, Chemist Warehouse, ANZ, Commbank, Westpac, Dan Murphys, and Dominos Pizza
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
Explore property virtually
Virtual tours
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504476588Last Updated: 9 Jul 2024
04312866...
385 Sydney Road
Coburg, VIC 3058
Modo PropertySuite 6, 609 Canterbury Road
SURREY HILLS, VIC 3127
SURREY HILLS, VIC 3127
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
947A Sydney Road,Coburg North, VIC 3058 228 m²Shops & Retail • Offices • Showrooms & Large Format Retail
