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5 Elizabeth Street
Coburg VIC 3058

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 102m2
Land area: 529m2
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Prime Development Opportunity in Prime Coburg Location

Seize the chance to own a highly sought-after commercial site in Coburg.
Currently operating as a car yard, this exceptional property spans approx. 529m² and boasts a 25.7m frontage along the thriving Coburg corridor.
Ideally positioned with seamless access to CityLink, Melbourne CBD, public transport, and the popular Lygon Street tram route, This is a prime location for various redevelopment ventures (STCA).
This site offers:
- Strategic location abutting lush riverside parkland, ideal for commercial or residential development.
- Strong tenant in place, offering income security while you plan your vision.
- Commercial 1 zoning, with significant flexibility for future projects.
Attractive, flexible settlement options to support your investment goals.
Don’t miss this unparalleled development potential in one of Coburg's prime locations!
Due diligence checklist – for home and residential property buyers – http://www.consumer.vic.gov.au/duediligencechecklist.
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Property Details for 5 Elizabeth St, Coburg

Building Type
Commercial
Floor Size
102m2
Land Size
529m2

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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 14,579 properties. Over the last 5 years, Houses in Coburg have seen a 18.01% increase in median value, while Units have seen a 11.68% increase. As at 30 November 2024:

  • The median value for Houses in Coburg is $1,202,178 while the median value for Units is $598,596.
  • Houses have a median rent of $695 while Units have a median rent of $540.
There are currently 47 properties listed for sale, and 33 properties listed for rent in Coburg on OnTheHouse. According to CoreLogic's data, 559 properties were sold in the past 12 months in Coburg.

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Carla Primiano
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Manu Kumar
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