477 Sydney Road, Coburg, VIC 3058

Land Area:

388sqm

For Sale

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

EXCITING NEW DEVELOPMENT - 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

Bizhan Hosseni

Commercial Director

Wahid Khairi

Managing Director - Principal O.I.E.C. / LEA

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

Property Info:

Property ID: L32415737
Property Type:Retail
Land Area:388 sqm
Car Spaces:2

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