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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

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