Premium Investment without the Price Tag
385 Sydney Road, Coburg VIC 3058
Asking $1,100,000 - $1,200,000
RetailSize: n/a
Block size: 257 m² approx.
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.
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Jackson Brenchley to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
257 m²*
Other Details
Lot:
1
Plan:
SP20381
Legal description:
1\SP20381
Maps and area information
Block information
Block size: 257m² (approx)
Legal description: 1\SP20381
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
We couldn't find any history for this property.
See Coburg's suburb profile
Coburg suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
38 years
Population
26,574
Listing ID: 182135467. This listing has been viewed 15 times. It was first displayed on 30/11/2023 and last updated on 13/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.