Barry Plant Glenroy is proud to exclusively offer for sale 3-5 Merlyn Street Coburg North, a desirable investment consisting of retail/residential building.
Investment highlights:
- Commercial 1 Zone (C1Z)
- Offered with tenant already in place giving the investor a good start, or explore future owner-occupation or high density development options (STCA)
- Land area totalling 241m2 (approx.)
- Single level retail/residential building totalling 185m2(approx.)
- Excellent frontage to Merlyn Street - public car parking plus rear access via ROW
- Building: Shopfront, cool room, storage rooms, three bedrooms, kitchen, living, bathroom, laundry, verandah, and carport parking.
- Surrounded by variety of established retail including post office, supermarket, chemist, medical centre, cafes, barber and more.
- Located in a suburb with a median house price of $1,100,000 (source: REIV, July 2024)
- The property is offered for sale via PUBLIC AUCTION to be conducted on-site, Thursday 22nd August at 2pm.
DISCLAIMER:
In preparing this information, Barry Plant Glenroy has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the property area, floor size, price, address and general property description) has been provided to Barry Plant Glenroy by third parties. As such, Barry Plant Glenroy makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.
The size of Coburg North is approximately 4.9 square kilometres. It has 20 parks covering nearly 18.4% of total area. The population of Coburg North in 2011 was 6,575 people. By 2016 the population was 7,615 showing a population growth of 15.8% in the area during that time. The predominant age group in Coburg North is 30-39 years. Households in Coburg North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg North work in a professional occupation. In 2011, 66.7% of the homes in Coburg North were owner-occupied compared with 66% in 2016.
Coburg North has 5,197 properties. Over the last 5 years, Houses in Coburg North have seen a 24.18% increase in median value, while Units have seen a 12.64% increase. As at 30 November 2024:
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