A 1.13ha infill landholding located 8.6km north of Melbourne’s CBD is being offered to market for the first time since 1977, with the site, located at 12-18 Charles Street, Coburg North, being sold exclusively by leading agents, Savills Australia and New Zealand. 

Formerly the Kangan Institute of TAFE – Coburg Campus, this triple frontage site is adjacent to the Upfield train line and Batman train station, with a 8,590sqm building onsite with existing functional improvements including multiple roller shutter doors and a three ton crane.  The site boasts substantial development upside, providing occupiers, investors and developers alike a rare opportunity to secure a significant industrial 1 zoned landholding in Coburg North’s tightly held pocket.

Speaking on the opportunity, Mario Moscon, Director, Industrial at Savills said, “Sites of this scale are hard to unlock within the inner northern industrial precinct and as such, this is compelling opportunity for last mile logistics owner occupiers due to its proximity to dense population catchments.”

Anthony Cannizzaro, Director, Industrial at Savills added, “What land that has been unlocked for development in Coburg has typically been in the form of unit developments, all of which have been highly successful in recent years.” 

The property offers tremendous access to major retail amenities, given its location only 100m away from Lincoln Mills Homemaker Centre, which includes popular retail brands Bunnings, Officeworks, RSEA Safety, Beacon Lighting and AutoBarn.

Addressing the site’s ideal proximity to major arterials, public transport links and retail precincts, Arthur Vainbrant, Associate Director, Industrial at Savills said, “Being located this close to retail amenities is hard to find in most industrial pockets.”

The asset at 12-18 Charles Street, Coburg North is for sale by auction at 12:30pm on Thursday, 19 November 2023.