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Overview
Positioned within a high-quality, architecturally designed development in the heart of Coburg North, this modern three-level warehouse and office offers a unique opportunity for investors, owner-occupiers, and future-focused buyers. The property is constructed and certified as a Class 7b warehouse and Class 5 office, providing a flexible commercial layout with strong underlying fundamentals. It is complemented by residential zoning that introduces longer-term optionality, subject to council approval (STCA).
The investment highlights include a current rental income of $41,712 per annum, with a lease expiry on 30 June 2026. Completed in 2023, the building features modern construction and a functional three-level design. Located within a tightly held precinct in Melbourne’s inner north, this property is part of a boutique development consisting of 14 units. The residential zoning offers further flexibility for potential alternative uses in the future.
Building specifications indicate a total building area of approximately 120 square meters of net lettable area (NLA). The ground footprint or site component covers about 80 square meters. The ground floor serves as warehouse space and parking occupying 46 square meters, the first floor provides workspace and storage encompassing 38 square meters, and the second floor accommodates office and administration facilities totaling 36 square meters. All measurements are approximate and should be independently verified by interested parties.
The building features a ground floor warehouse with roller door access, creating ease of movement and accessibility. The first floor offers a versatile workspace and storage area, while the second floor contains office space complete with amenities. The modern tilt-panel construction delivers robust structural integrity along with excellent natural lighting throughout the premises. The development is secured within a gated complex, providing safety and peace of mind. Additional comfort is offered through split-system heating and cooling, maintaining a comfortable working environment year-round. The versatile design suits a wide range of commercial applications, making this property highly adaptable to different business needs.
Strategically, the property is currently approved and occupied as commercial premises. The underlying residential zoning provides the rare advantage of future flexibility for alternative uses, subject to all relevant planning, building, and regulatory approvals. This dual advantage offers the combined benefit of immediate income and operational usability, alongside longer-term repositioning and investment potential.
Situated in Coburg North, one of Melbourne’s most dynamic inner-north precincts, the location enjoys immediate access to Sydney Road retail and amenities, which cater to a variety of lifestyle and business needs. It is within walking distance to Merlynston Station, offering excellent connectivity to the Melbourne CBD and Metropolitan Ring Road via public transport. The area benefits from strong surrounding residential and commercial growth, making it an attractive place for both business and investment.
Important information to note: the property is classified under the Building Code of Australia as a Class 7b warehouse and Class 5 office building. Any future change of use would necessitate adherence to planning and building approvals. Prospective purchasers are advised to undertake their own independent due diligence regarding suitability for their intended use and potential for redevelopment or change in land use.
Local Market Insights
In Coburg North, Quiet Listings observed 12 new commercial properties entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $706,167. The property type mix of listed properties is predominantly Houses at 35%, followed by apartments (18%), and commercial properties (18%). Nelson Alexander was the most active agency monitored, representing 28.4% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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.
Location
Coburg North VIC 3058
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 120 m² |
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.
