NAB COBURG: ASX Listed Anchor Tenant, Renewed Net Lease, Double Fronted Freehold

  • $2,300,000/Contact the Stonebridge Team

Property Description

Stonebridge Property Group is pleased to present for sale NAB, 406-408 Sydney Road, Coburg.

The key highlights of the opportunity include:

– Anchored by the ASX listed National Australia Bank on a renewed 5-year term

– NAB stands as Australia’s 3rd largest bank with 437 branches, 38,000 employees and a market cap of $107.66 billion

– High exposure double fronted freehold with 332 sqm* of underlying land and rear access onto major council car park – a major convenience for customers

– Ideally positioned within the heart of Coburg, bookended between national convenience retailers Coles, Chemist Warehouse, Dan Murphy’s and Woolworths

– Prominent double level building spanning 583 sqm* across two open-plan and expansive floors – level one boasts separate access via Russell Street

– Sydney Road is the retail backbone of Coburg, home to an eclectic list of retailers and providing direct access into the Melbourne CBD (via tram)

– Coburg is an affluent inner north suburb of Melbourne 8 km* from the CBD boasting a median house price of $1,140,000

– Providing annual income of $140,867* + GST + Outgoings (a portion of land tax is recovered via NAB)

NAB, 406-408 Sydney Road, Coburg is offered for sale via Public On-site Auction Friday 30th May 2025 at 12:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Ian Lam 林煒峻
0416 621 859

如需任何国语或粤语咨询,请联系我们亚洲业务团队的Ian Lam 林煒峻,联系电话: 0416 621 859,并可随时加他的微信 (WeChat ID: Ianlam2001)。

Rorey James
0439 400 081

*Approximately
^ABS.gov.au

Property Code: 1277

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