35-39 Sydney Rd 2,325 SF Retail Building Coburg, VIC 3058 $1,188,743 ($511.29/SF)

An exceptional development and investment opportunity awaits at 35–39 Sydney Road, Coburg. Nestled within Melbourne’s vibrant inner north corridor, this highly sought-after parcel enjoys premium frontage to Sydney Road and outstanding exposure to both vehicle and pedestrian traffic. Positioned directly adjacent to key transport links—including Moreland Train Station and tram routes—the property offers unrivalled accessibility, ensuring strong demand for future occupiers and residents.
Boasting an Activity Centre Zoning and a generous 498 sqm allotment with rear laneway access, the property is offered with approved plans and permits enabling immediate commencement of a mixed-use development. The current permit allows for a versatile design incorporating multiple commercial tenancies (or a consolidated large showroom) and 17 quality apartments configured as eleven two-bedrooms, three three-bedrooms, and three one-bedroom layouts. This optimal design proposition caters to the growing demand for integrated living and retail spaces in one of Melbourne’s fastest-evolving precincts.
For investors seeking holding income, the property is currently leased at $48,000 per annum (plus GST and outgoings) under a favorable term structure, providing an excellent interim yield while securing long-term upside potential.