OFF MARKET

4/19 Pentridge Boulevard
Coburg VIC 3058

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 834m2
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Property Details for 4/19 Pentridge Bvd, Coburg

Building Type
Commercial
Year Built
2008
Land Size
834m2
Local Government
Merri-Bek
Lot/Plan
S10/PS501198

Last Listing description (August 2018)

Secure 5 year lease to Merri Health to 2022 plus option to 2025
Merri Health: Community health provider in 11 locations, with Revenue $32.5m 2016/17
Annual 4% rent increases assuring growth

Tenant pays all usual outgoings
Brand new fit-out circa $1.2M
Modern 834 sqm retail / office with triple frontage and exposure
Two (2) car spaces on-title
Adjacent to 6,000 sqm shopping centre incorporating full line supermarket, retail shops and 15-screen Palace Cinemas, currently under construction completion expected 2020
Substantial tax depreciation benefits
Coburg: booming inner city Melbourne suburb, 8kms north from CBD
Rent: $204,960 pa
Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne

Property History for 4/19 Pentridge Bvd, Coburg, VIC 3058

A timeline of how this property has performed in the market
Last Sold
$2,560,000
20 Jun 2018
Listed for Rent
07 Aug 2017
  • 20 Jun 2018
    Sold for $2,560,000
  • 24 May 2018
    Listed for Sale Not Disclosed
  • 07 Aug 2017
    Listed for Rent - Price not available
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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 44 properties listed for sale, and 33 properties listed for rent in Coburg on OnTheHouse. According to CoreLogic's data, 558 properties were sold in the past 12 months in Coburg.

Suburb Insights for Coburg 3058

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.