1-3 Cobden Street,
North Melbourne, VIC 3051
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Sold on
Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
1-3 Cobden Street
North Melbourne, VIC 3051
Map of 1-3 Cobden Street
A Trophy City Fringe Corner With Significant Medium-Term Upside!
- Leased to Hospitality Institution
- 50 m* to Queen Vic Markets
- Highly Favourable CCZ Zoning
Stonebridge Property Group is pleased to present for sale 1-3 Cobden Street, North Melbourne.
The key highlights of the opportunity include:
- 1-3 Cobden Street stands as one of Australia’s most attractive city fringe freehold investments with unrivalled fundamentals and a position set for immense growth
- The unmissable building enjoys 32 m* of combined corner frontage providing valuable business exposure and an added level of flexibility for future development outcomes (STCA)
- 100% leased by hospitality institution ‘Yeonga Korean BBQ’ – the highly coveted tenant has occupied the property for over a decade, boast a huge following & a 4.5-star rating from 1,200+ Google reviews
- The property is leased on a 5-year term with favourable fixed 4% annual increases
- Favourable zoning, significant height precedent and potential site access by 2032 provide exciting future development/land bank opportunities (STCA)
- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion Queen Victoria Market upgrade that is expected to deliver 4000 new jobs and 20,000 new residents - an exciting driver of retail trade for local business
- Positioned on the edge of the CBD grid, just 50 m* from the globally recognized Queen Victoria Markets (that enjoys 10,000,000+ visitors annually) and 650 m* from the Melbourne Central Train Station
- Benefiting from one of Melbourne’s most generous zonings (Capital City Zone 5) - Schedule 61 to the Design and Development Overlay allows for a height limit on the site of 8-levels (24 m*)
1-3 Cobden Street, North Melbourne is offered for sale via Public On-site Auction Thursday 31st August 2023 at 1:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 5...
中文咨询
Sarah Xi 席子棠
0468 320 2...
微信号 sarahxi565
Max Warren
0488 296 8...
Rorey James
0439 400 0...
*Approximately
Property Code: 730
The key highlights of the opportunity include:
- 1-3 Cobden Street stands as one of Australia’s most attractive city fringe freehold investments with unrivalled fundamentals and a position set for immense growth
- The unmissable building enjoys 32 m* of combined corner frontage providing valuable business exposure and an added level of flexibility for future development outcomes (STCA)
- 100% leased by hospitality institution ‘Yeonga Korean BBQ’ – the highly coveted tenant has occupied the property for over a decade, boast a huge following & a 4.5-star rating from 1,200+ Google reviews
- The property is leased on a 5-year term with favourable fixed 4% annual increases
- Favourable zoning, significant height precedent and potential site access by 2032 provide exciting future development/land bank opportunities (STCA)
- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion Queen Victoria Market upgrade that is expected to deliver 4000 new jobs and 20,000 new residents - an exciting driver of retail trade for local business
- Positioned on the edge of the CBD grid, just 50 m* from the globally recognized Queen Victoria Markets (that enjoys 10,000,000+ visitors annually) and 650 m* from the Melbourne Central Train Station
- Benefiting from one of Melbourne’s most generous zonings (Capital City Zone 5) - Schedule 61 to the Design and Development Overlay allows for a height limit on the site of 8-levels (24 m*)
1-3 Cobden Street, North Melbourne is offered for sale via Public On-site Auction Thursday 31st August 2023 at 1:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 5...
中文咨询
Sarah Xi 席子棠
0468 320 2...
微信号 sarahxi565
Max Warren
0488 296 8...
Rorey James
0439 400 0...
*Approximately
Property Code: 730
Property ID: 504381860Last Updated: 27 Oct 2023
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Stonebridge Property Group - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
