Coburg Drive-in, 155 Newlands Road,
Coburg North, VIC 3058

Warehouse, Factory & Industrial

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Map of Coburg Drive-in, 155 Newlands Road

Directions

Iconic Site – 10 Year Lease – Significant Land Holding

- Landmark site within inner north location
- Excellent connectivity to Melbourne CBD (approx. 11kms), Port of Melbourne (approx. 13kms) and Melbourne International Airport (approx. 17kms)
- 10 year triple net lease guaranteed by Village Cinemas Australia Pty Ltd
- Commencing rental of $597,000 p.a. net
- Fixed annual 3% rental increases
- Significant land holding of 8.1 hectares within constrained market
- Industrial 1 zone
- Multitude of future redevelopment options (STCA)
- High underlying land value underpins the asset

Explore property virtually

Video

Coburg North, 3058 demographic data

The median household income for Coburg North is $1,981, 4% higher than Greater Melbourne's household income of $1,901. Coburg North has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 54% of property owners in Coburg North have a mortgage.

8,327

Population

$1,981 per week

Median household income

38 years

Median age

Owners

Most residents

Families

Most households