947A Sydney RoadCoburg North VIC 3058
Property Details for 947a Sydney Rd, Coburg North
Last Listing description (February 2024)
Versatile and spacious commercial property in a prime location.
Don't miss this rare opportunity to own a former restaurant on Sydney Road, Coburg North.
* Potential to Build 2 Apartments Above The Shop (S.T.C.A.)
* Building area of 210m approx.
* Rear access parking through R.O.W.
* Zoned: Commercial 1
* Easy access to Metropolitan Ring Road
* Close to Aldi, Bakers Road Tram Stop and Merlynston Train Station ensuring high foot traffic and visibility.
Whether you want to run your own business, lease it out or redevelop it (S.T.C.A.), this property offers endless possibilities.
Enquire now for asking price and arrange a private inspection today!
Property History for 947a Sydney Rd, Coburg North, VIC 3058
- 11 Oct 2024Sold for $770,000
- 12 Sep 2023Listed for Sale $750,000 - $800,000 (Plus GST)
- 19 Mar 2020Listed for Rent - Price not available
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About Coburg North 3058
The size of Coburg North is approximately 4.9 square kilometres. There are 20 parks, covering nearly 18.4% of the 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 5,323 properties. Over the last 5 years, Houses in Coburg North have seen a 6.45% increase in median value, while Units have seen a 8.61% increase. As at 31 May 2026:
- The median value for Houses in Coburg North is $1,037,687 while the median value for Units is $703,942.
- Houses have a median rent of $680 while Units have a median rent of $600.
Suburb Insights for Coburg North 3058
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