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Overview
Commercially Zoned Landholding with Flexible Future Potential
Occupying a substantial allotment of approximately 522 square meters within a commercially zoned precinct, this property in Coburg North offers a unique opportunity where land value, flexibility, and future potential converge in one of the inner north's evolving urban corridors.
Situated on a broad site with right of way access, the property is immediately appealing to buyers interested in long-term investment, commercial redevelopment, or adaptive reuse possibilities.
The existing residence presents scope for renovation or continued occupation, while the commercial zoning allows for potential future redevelopment into office, warehouse, or factory spaces, subject to relevant approvals. It is important to note that any future rebuild must result in a commercial outcome rather than new residential construction, emphasizing the strategic long-term positioning of the site within the precinct.
Surrounded by ongoing public and private investment, the site is located in an area where industrial character, residential growth, and infrastructure expansion are actively reshaping the surrounding landscape.
Its prime location on the edge of Gaffney Street shops makes it ideal for both commercial and residential use. The property benefits from close proximity to major roads such as Sydney Road, Bell Street, and the M2, providing excellent local connections. Nearby amenities include Coburg Station, Coburg Lake, Harmony Park, and the leisure centre, all within easy reach.
Key highlights of the property include:
- Approximately 522 square meters of land
- Commercial zoning
- Potential for future office or factory redevelopment
- Existing residence with renovation potential
- Rear right of way access
- Broad site dimensions
- Extensive hardstand and open areas
- Multiple access points throughout the property
- Separate bungalow or studio structure
- Workshop and storage space at the rear
- Located within a transforming commercial precinct
- Significant long-term investment potential
Prospective buyers are advised to conduct their own inquiries regarding the property, as all information has been provided by third parties and has not been independently verified.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
Location
Coburg North VIC 3058
Market Insights for Coburg North VIC 3058
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
