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Blue-Chip Woolworths Petrol Freehold Investment with a Big Future

565-581 Sydney Road, Coburg VIC

Property Highlights

Blue-Chip tenant; 5,000 sites globally
Long-term lease with options to 2043
Zoning allows 6-level development STCA

Description

Secure, long-term lease to Blue-Chip fuel and convenience tenant, with 540 sites nationally and 5,000 sites globally.
Strategic 1,858 sqm* site on homeward-bound side of Sydney Road, one of Melbourne’s most important arterials and development corridors.
Generous Sydney Road frontage of over 60 metres* and rear Right-of-Way.
Strong underlying land value with close proximity to Coburg Station, Woolworths, Coles, Dan Murphy’s, KFC, Commonwealth Bank, NAB, ANZ and Bank of Melbourne (all within 650 metres*) and 19 Tram route past the front door.
7.5 km* from Melbourne CBD, in the heart of Moreland’s intensive redevelopment and gentrification precinct, forecast to promote 25% local population growth by 2036.***
Significant future redevelopment potential (STCA) with Activity Centre Zoning and preferred building height of 21.6 metres allowing for 6-levels.**
Close proximity (250 metres*) to Pentridge redevelopment worth $1 billion+ including 1,500 residential apartments, 18-storey Adina Hotel, Ritchies Fine Foods Supermarket and 15-screen Palace Cinema.****
Future-proof landbank opportunity with lucrative yield.
Estimated net rent $264,790 pa.

Investment Portfolio Auction 133
From 11am Wednesday 11 December 2019

*Approx
**land.vic.gov.au
***forecast.id
****The Urban Developer and Shopping Centre News

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
1,858 SQM
Building Area
150 SQM

Contact Agents

Billy Holderhead

0422 817 696

Contact Me

Jamie Perlinger

0413 860 315

Zomart He

0488 220 830

Scott Meighan

0413 830 709

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