131 Sydney Road 2,099 SF Retail Building Coburg, VIC 3058 $958,903 ($456.85/SF)

This freehold property presents a rare opportunity to secure a well-positioned asset in one of Melbourne’s most dynamic retail and dining corridors. Located on a prominent corner along Sydney Road, the property benefits from dual street frontages, strong visibility, and consistent pedestrian activity. The site spans approximately 220 square meters of land with a building footprint of around 195 square meters, offering flexibility for future redevelopment or value-add strategies, subject to approvals.
The property is currently leased, providing immediate income with fixed annual increases and further options, making it an attractive investment for those seeking both stability and long-term upside. Its Activity Centre zoning supports a wide range of potential uses, enhancing its appeal for future repositioning. With rear access and a council-approved outdoor canopy, the property is well-suited for retail or hospitality operations.
Situated just 9 kilometers from Melbourne’s CBD, the location offers excellent connectivity via tram and train services, with Coburg Station nearby and a tram stop at the doorstep. The surrounding precinct is a vibrant mix of cafés, restaurants, and specialty retailers, supported by strong local demand and ongoing development in the area.