DEVELOPER’S CHOICE
GrayJohnson is pleased to offer for sale by expressions of interest this well proportioned site of 1,646sqm approx. in an up-and-coming suburb in Melbourne’s north. Coburg North has recently seen a rise in median prices for town houses and houses. A range of mixed-use projects, including the Pentridge urban village, are transforming the northern suburbs and contributing to the re-gentrification of the area.
The size of this landholding and its location on the Sydney Road tramline give it outstanding potential as a future residential development of up to three storeys. The zoning of General Residential Zone – Schedule 1 (GRZ1) also allows for community uses such as a childcare centre, aged care centre or medical facility^.
742-748 Sydney Road consists of a single storey, solid brick building constructed in the early 1990s. Currently containing 12 single bedrooms, six bathrooms, four sitting rooms and an office, the building could be renovated and reconfigured for a range of uses^. The site currently includes a carport accommodating four cars.
The opportunity:
• Develop or re-purpose
• Well proportioned site of 1,646sqm approx
• 25m* frontage to Sydney Road
The location:
• Growth area in Melbourne’s north
• Adjacent to Merri Creek parklands and bike trail
• 9km north of Melbourne CBD
• Easy access to main arterial networks and CBD
• Sydney Road tram at the door
• Minutes to major retailers (Coles, Bunnings, Officeworks, Aldi)
Expressions of interest close Tuesday 18 July @ 11am.
For more detail contact Matt Hoath 0418 543 714
* Approx
^ STPA
