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Overview
This commercial investment opportunity located in the prestigious and architecturally acclaimed CONO Business Park offers an entry-level chance to acquire a quality industrial warehouse in a prime inner northern suburb of Melbourne.
The property features a total building area of approximately 116 square metres, providing functional and practical space for various commercial operations.
- Building area: 116 square metres
- Current rental return: $24,800 per annum plus outgoings and GST
- Lease term: Two plus two year options, commenced on 1 December 2023
- Secure tenant: Leased to KH Cabling Pty Ltd
- Positioned within an award-winning business park renowned for its modern and innovative design
- Strategically located in the inner northern area of Melbourne, offering excellent accessibility and amenities
This investment provides the assured income stream of an established lessee coupled with the potential for asset growth in one of Melbourne's dynamic commercial precincts.
The warehouse unit is part of a well-regarded development which incorporates both aesthetic appeal and functional design to support the requirements of diverse industrial businesses.
Prospective purchasers will benefit from a hands-off investment with lease terms already secured, providing stable cash flow from day one. Situated in a highly sought-after location, this property represents excellent value for investors seeking a quality commercial warehouse asset.
Nearby infrastructure, transport connections, and proximity to supporting services make this an ideal acquisition for investors seeking long-term growth and rental yield within Melbourne's commercial property market.
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.
Change History
| Headline | When |
|---|---|
| For Sale $665,000 | |
| $665,000 |
Location
Coburg North VIC 3058
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 116 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.
