59 Sydney Road Coburg VIC 3058

Nelson Alexander are delighted to present for Public Auction, this Prime Sydney Rd Retail and Residential Investment.

Located In this rapidly developing precinct close to Moreland Road and surrounded by both new and well established businesses. Outstanding transport access by tram on Sydney Road and Moreland Road and Moreland train station so close by.

This versatile property features a ground floor retail lease of 110m2 to 31/01/2023 with the tenant willing to take on a longer lease if offered.

The residence and double garage of 185m2 plus balcony and terrace of 58m2 provide an outstanding rental income stream or ideal residence for an owner/occupier. Featuring 2 large bedrooms, fully renovated kitchen and bathroom, large living area opening to balcony, terrace and storage area.

Offering excellent scope for further rental growth, together with future development (STPA), this is a prime property for the owner/occupier or savvy investor.

DESIRABLE PROPERTY FEATURES

* Ideal location for growth in developing precinct near Moreland Road.

* Activity Centre Zoning (ACZ1).

* Double garage

* Land Size 198 sqm (Approx).

* Building Size 295 sqm (Approx).

* Very Close to Moreland Train Station and Tram Stop at the door.

* Separate retail and residential areas.