OFF MARKET

45 Gaffney Street
Coburg VIC 3058

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2378m2
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Property Details for 45 Gaffney St, Coburg

Building Type
Commercial
Land Size
2378m2
Local Government
Merri-Bek
Lot/Plan
36/LP947

Last Listing description (November 2022)

POINT OF INTEREST:
Expressions of Interest (EOI) Closing Thursday 27th October at 2pm
A valuable landmark by every definition, this is a northside opportunity available for the first time in 40 years. Up for offer is a 2,380 sqm* site over 3 certificates of title with an existing building measuring in at 2,380sqm*. The current showroom/factory/warehouse is exposed to three separate streets in Gaffney, Cope, and Stock Street and its expansive main road position offers signage opportunity in a suburb already known for its industrial prowess and commercially savvy crowd.

Offered with vacant possession, options are to use or develop as your own, currently, the space serves as a kitchen and furniture showroom and manufacturer.
Because of this, space and storage have always been front of mind, but so has the potential to accommodate your office, warehouse/factory, supermarket, medical centre, multi-unit industrial development or seek a future rezoning to residential (STPA).
Amenities include ample street parking at the rear, huge showroom space, and even a visual of Batman railway station from the site. Your Gaffney Street neighbours deliver classic northside hospitality in a coffee roastery called Selvatica, a linen bedding store from In2Linen, the Round Again record store, and majors Bunnings and Officeworks Coburg is an expert in connecting you to the rest of Melbourne. Taking Nicholson Street into the CBD will get you there in 30 minutes, the M2 will cut that trip down by four minutes, and Sydney Road sits only 260 m* away.

- First time offered in 40 years
- 2,380 sqm* of land area.
- 2,380 sqm* of total building area.
- Industrial 3 zoning.
- 35 m* of frontage to Gaffney Street.
- 67 m* of frontage to Cope Street.
- Ample street parking at the rear.
- Opposite the 2.56 Ha proposed $350 million integrated retirement village by Ryman Healthcare
- 500 m* from Lincoln Mills homemaker centre.
- 260 m* to Sydney Road.
- 100 m* from Batman railway station.
- 13km* from Melbourne CBD.

POINT OF VIEW:
The Lincoln Mills homemaker centre sits 500 m* away, which means the crowd of 9,400* passing commuters on their way to Bunnings, Officeworks, or Petbarn. Turn their heads at 45 Gaffney Street, while theyre indicating.


*Approx.
Pricing excludes GST

Property History for 45 Gaffney St, Coburg, VIC 3058

A timeline of how this property has performed in the market
Last Sold
$5,390,000
31 Oct 2022
  • 31 Oct 2022
    Sold for $5,390,000
  • 28 Sep 2022
    Listed for Sale Contact Agent
  • 10 Aug 1984
    Sold for $350,000

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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, 556 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.