6-8 Hocking StreetCoburg North VIC 3058
Property Details for 6-8 Hocking St, Coburg North
Last Listing description (May 2022)
POINT OF INTEREST:
To be sold via Public Auction on Friday 6th May 2022 at 12 midday on site.
Your investment portfolio is about to taste a whole lot sweeter with this industrial investment contributing to Melbournes future in food production. Sitting in Coburg Norths tightly held industrial pocket, this is corner freehold title of 925 square metres with 540 square metres of building area catering to the meticulous standards for food preparation. More specifically, within the floorplan is a 63 sqm* ground and first floor office for administration. On top of that 540 sqm* is an additional 177 sqm* mezzanine floor built for food production or storage with a 5KPA weight rating.
The facility features a high power capacity with its own sub-station built on site, a triple interceptor, and container-height loading capabilities for easy deliveries. Highly sought after and rarely found up front, this is capability and infrastructure that costs plenty of time and money to install already included. Connection to the rest of Melbourne is as simple as driving west 2.5 km* to Citylink, heading east for Nicholson Street, or the 19 tram can take you down Sydney Road at just 800 m* from site.
-Freehold title with corner position.
- Currently leased to Eastern Wise Food Service Pty Ltd.
- Returning $60,180 per annum net with a 2% annual increase.
- 10-year lease with 8.5 years remaining plus options.
- 540 sqm* building area.
- Plus 177 sqm* storage / production area with 5kpa weight rating.
- 925 sqm* land area.
- Industrial 1 zoning.
- 7 car spaces onsite.
- 1.6 km* from Merlynston railway station.12.9 km* from Melbourne CBD.
POINT OF VIEW:
The tenants, Eastern Wise Food Service, currently prepare food for 6 different restaurants they own around town. But with 8.5 years left to run on the current term, this is a garnish all investors love to see on the plate.
*Approx.
Pricing excludes GST
Property History for 6-8 Hocking St, Coburg North, VIC 3058
- 25 Nov 2024Sold for $1,800,000
- 06 May 2022Sold for $1,810,000
- 12 Apr 2022Listed for Sale Contact Agent
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0About Coburg North 3058
The size of Coburg North is approximately 4.9 square kilometres. It has 20 parks covering nearly 18.4% of total area. The population of Coburg North in 2016 was 7601 people. By 2021 the population was 8327 showing a population growth of 9.6% in the area during that time. The predominant age group in Coburg North is 30-39 years. Households in Coburg North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg North work in a professional occupation.In 2021, 66.90% of the homes in Coburg North were owner-occupied compared with 66.00% in 2016.
Coburg North has 5,331 properties. Over the last 5 years, Houses in Coburg North have seen a 19.37% increase in median value, while Units have seen a 24.99% increase. As at 31 January 2026:
- The median value for Houses in Coburg North is $1,085,851 while the median value for Units is $729,593.
- Houses have a median rent of $650 while Units have a median rent of $600.
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