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Overview
This property offers a distinctive commercial opportunity within a boutique warehouse studio setting, specifically designed for businesses seeking a unique and modern workspace environment in the vibrant inner northern precinct of Coburg North.
Named NORRIS, this architecturally designed building presents a contemporary and thoughtfully planned space that stands apart from conventional factory or office premises. With an overall floor area of 152 square meters, the property is distributed across three distinct levels, each serving a dedicated function to support diverse business operations.
- Ground Floor Warehouse: 52 square meters, suitable for storage, distribution, or workspace needs.
- First Floor Studio: 49 square meters, ideal for creative or administrative activities.
- Second Floor Administration: 51 square meters, designed to accommodate business management and support functions.
The Norris precinct, encompassing Sheppard Street and Norris Street, has been identified by the Merri-bek City Council as a key area for long-term residential and mixed-use transformation. This marks a significant evolution of the locale from traditional industrial utilization toward a vibrant urban neighborhood, supported by comprehensive planning frameworks and active redevelopment approvals nearby.
The property occupies a strategic position within this progressive precinct, offering present and prospective occupants the advantage of a cutting-edge workspace embedded within an area poised for sustained growth and urban renewal.
Moreover, the building design reflects a commitment to distinctive aesthetics and functional adaptability, meeting the requirements of businesses that value an environment that fosters innovation, visibility, and differentiation.
Parking is available with two dedicated car spaces, catering to the convenience and operational needs of business occupants and their clients.
Prospective buyers are encouraged to register their interest in this unique commercial offering to capitalize on the opportunity in a transforming precinct with strong future potential.
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 townhouses (18%), and apartments (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 | 152 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.
