83-91 Bell Street & 491-495 Sydney Road, COBURG
Alex Ham, Benjamin Klein and Michael Gross from Gross Waddell in conjunction with Scott Orchard, Rorey James and Josh Twelftree from CBRE have sold the ‘Coburg Corner’ which is situated at the corner of Bell Street and Sydney Road, Coburg (see above) after Auction for an undisclosed price.
Featuring an expansive gross lettable area of 1,250m²* the freehold building offers an irreplaceable multi-frontage landmark situated on 753m²* of strategic Activity Centre Zone 1 (ACZ1) land. The two level building with strong passing income stretches across a combined 63 metres* of prime corner retail frontage.
The property is well serviced by all forms of public transport; directly at the corner of the property is Tram 19, multiple Bus routes as well as Coburg Train Station which is approximately 450 metres from the corner of Bell Street and Sydney Road.
Alex Ham and Benjamin Klein of Gross Waddell commented “the market is short of quality investment stock with huge value add or future development potential. The property sold to an a not for profit organisation who has extensive plans to refurbish the property and utilise the first floor as their headquarters.”