7-15 Elizabeth Street
Coburg, VIC 3058

Overview

Rare Coburg Dual-Zoned Site – Commercial & Residential Potential!

This exceptional property opportunity is located in the heart of Coburg, offering a rare dual-zoned site with both commercial and residential potential. The total land area spans 5,784 square meters across multiple titles, making it one of the last large sites available in this vibrant and high-demand Melbourne suburb.

The property is divided into three main parcels: 7-11 Elizabeth Street, comprising 3,694 square meters with mixed Commercial Zone 1 and Neighbourhood Residential Zone 1 (NRZ1) zoning; 13 Elizabeth Street, a 1,005 square meter parcel zoned NRZ1; and 15 Elizabeth Street, a 1,084 square meter parcel also zoned NRZ1. This unique dual zoning provides unmatched flexibility for development or investment, allowing for commercial, residential, or mixed-use projects subject to council approval.

Strategically positioned, the site benefits from excellent location highlights including close proximity to Coburg Train Station and tram services, high exposure near the bustling Bell Street, and excellent connectivity to Melbourne's Central Business District and surrounding suburbs. The area is surrounded by established infrastructure, retail outlets, dining options, and transport facilities, enhancing its appeal for future development.

This significant landholding in a blue-chip location presents a standout opportunity for investors or developers seeking a large-scale project in a sought-after area. The potential for development or investment is considerable, with the dual zoning offering a broad scope for various uses.

Inspections are available by appointment only, ensuring personalized attention for interested parties. Prospective buyers are encouraged to review the due diligence checklist available through the Victorian consumer affairs website to assist in their evaluation of this property.

Overall, this property represents a rare chance to secure a substantial and versatile site in Coburg, combining commercial and residential possibilities in a prime location with strong growth prospects.

Location