FOR SALE
Auction

167a Reynard Street
Coburg VIC 3058

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Auction Time
Sat 5 Oct 2:00 pm
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No upcoming inspections scheduled.
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A Rare Commercial Space

A rare prospect awaits with this flexible commercial space, set on a corner block offering high street exposure; moments to Melville Road trams and booming cafes.
On the ground floor of a brand-new boutique allotment, the floorplan presents a versatile office space, along with a private powder room and kitchenette option. With three-phase power, this offers the perfect opportunity to kickstart your cafe. A fantastic domain for your booming business thanks to its Commercial 1 zoning; plus, there is also a major opportunity to capitalise on a rental return of $40,000 P/A approx.
Truly an enviable location only 8km to our iconic city centre. It's encompassed by quick CityLink access, Moreland Road's IGA, bus routes and leafy green Shore Reserve (perfect for relaxing on your lunch break). With St Fidelis and West Coburg Primary Schools in walking distance, there will always be potential clients/customers strolling by. Additionally, just a short drive to cosmopolitan Sydney Road attractions and Coburg/Moreland Stations.
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Property Details for 167a Reynard St, Coburg

167a Reynard St, Coburg is a 1 bedroom, 1 bathroom Other. The place is currently for sale with Ray White Brunswick.

Building Type
Other

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About Coburg 3058

The size of Coburg is approximately 7 square kilometres. It has 33 parks covering nearly 7.4% of total area. The population of Coburg in 2011 was 24,976 people. By 2016 the population was 26,172 showing a population growth of 4.8% in the area during that time. The predominant age group in Coburg is 30-39 years. Households in Coburg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg work in a professional occupation. In 2011, 65.8% of the homes in Coburg were owner-occupied compared with 62.8% in 2016.

Coburg has 14,517 properties. Over the last 5 years, Houses in Coburg have seen a 30.48% increase in median value, while Units have seen a 15.00% increase. As at 31 August 2024:

  • The median value for Houses in Coburg is $1,217,287 while the median value for Units is $606,677.
  • Houses have a median rent of $680 while Units have a median rent of $520.
There are currently 70 properties listed for sale, and 22 properties listed for rent in Coburg on OnTheHouse. According to CoreLogic's data, 535 properties were sold in the past 12 months in Coburg.

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Abdul Allouche
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Jamil Allouche
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Ray White Brunswick
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