Real Estate Australia

Expressions Of Interest - Closing Thursday 29th October at 5pm (unless sold prior)
$1,500,000 to $1,600,000

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Property Location: 412 Sydney Road COBURG - MELBOURNE - VIC

Listing Id: 21681996  

Land

Size: 250 Square Mtr Approx

Description: PRIME SYDNEY ROAD INVESTMENT - DUAL-INCOME COMMERCIAL & RESIDENTIAL OPPORTUNITY Positioned in a high-traffic and highly visible section of Sydney Road, Coburg, 412 Sydney Road presents an outstanding opportunity for investors seeking a versatile mixed-use property with strong existing income. The property comprises a commercial shopfront with a spacious 2-bedroom dwelling above, providing the ideal combination of commercial and residential income streams in one of Melbourne's established and tightly held inner-north locations. The ground-floor shop benefits from excellent exposure to passing traffic and is currently returning approximately $45,000 per annum, while the Two-bedroom residence above provides an additional $25,000 per annum in rental income. Key investment highlights: • Prime Sydney Road, Coburg location • High-traffic and high-exposure position • Ground-floor commercial shop • Separate 2-bedroom dwelling above • Commercial income of approximately $45,000 per annum approx. • Residential income of approximately $25,000 per annum approx. • Dual-income investment with diversified rental streams • Excellent potential for owner-occupiers, investors or future strategic redevelopment (STCA) With its prominent position, dual-income configuration and strong rental returns, this investment offers an exceptional opportunity to secure a versatile commercial and residential investment in the heart of Coburg. An ideal addition to any investment portfolio, this property combines location, exposure and income with the long-term appeal of one of Melbourne's established inner-north commercial precincts. Inspection is highly recommended. Call Joe Pollina to arrange a private inspection.

Expressions Of Interest - Closing Thursday 29th October at 5pm (unless sold prior)
$1,500,000 to $1,600,000

Contact Walshe And Whitelock Today!!!

Contact Joe Pollina
Phone 0438 997 740

Contact Michael Sowersby
Phone 0418 373 907

Property ID:21681996