947A Sydney Road, Coburg North, VIC 3058

Retail | Offices | Showrooms

Sold

  • Property ID: 446054
  • Floor Area: 228m²
  • Land Area: 280m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 14/10/2024 228m2 280m2 Contact Agent
A SYDNEY ROAD CLASSIC FOR ANY LOCAL AMBITION.

POINT OF INTEREST:

Sydney Road is synonymous with the best of Melbourne’s smells, tastes, and multicultural cuisines, but it’s not known for having an opening without a booking — until now. This 228 sqm* freehold building is the ideal potential retail or hospitality space amongst a strip of locals, with over 8 m* of frontage to 15,000 passing cars daily. There’s an existing base in place for restaurant ambitions, but the generous floor plate could accommodate any vision you have for serving food or displaying stock. The rear loading access also sits next to the staff car park, but plenty of public parking is nearby. As per Sydney Road’s reputation, the public transport is easy — walk 10 minutes and you’ll get to Merlynston railway station or jump on the 19 tram all the way into the CBD. However, the real gold comes from the Google review stars awarded to local businesses around you, like Mamak Satti Power, Urban Dough, and Burgertory.

- 228 sqm* in total freehold building area.
- Commercial 1 zoning.
- 8 m* frontage to Sydney Road.
- Rear loading access and 1 staff car park.
- 15,000* passing cars daily as of 2017.
- 3.2 km* from the Citylink.
- 1.7 km* from Bell Street.


POINT OF VIEW:

When it comes to drawing a crowd to your restaurant or shop, the address is half of the marketing battle. Cut the line and be seated at the most reputable table in Melbourne’s local food scene.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 30-60 Days
  • Car Spaces: 1 car park
  • Condition: Good
  • Air Conditioning: TBA
  • Floors: Concrete , Tiles
  • Height: 2.7-3 metres
  • Age: 40 years plus
Coburg North Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2625 $269 10.25%
Offices $4324 $138 3.20%
Industrial $4058 $198 4.87%
This is the average advertised price, rent and yield for Coburg North, VIC 3058*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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