AUCTION 55
WATERFIELD STREET, COBURG
Wednesday 15th April 2026 at 12pm on site
55 Waterfield Street, Coburg
PUBLIC AUCTION Wednesday 15th April 2026 at 12pm on site.
POINT OF INTEREST:
Coburg has always had a clear vision for neighbourhood retail — and at 55 Waterfield Street, that clarity extends to the investment fundamentals. Sitting amongst the bakeries, barbers, and grocers that service the neighbourhood, this 89 sqm* retail freehold is securely leased to nationally recognised optical retailer OPSM, returning $32,000* p.a. + GST.
Positioned within one of Coburg’s most tightly held commercial pockets, the longstanding tenant has recently renewed a fresh five-year lease from the 1st October 2025, reaffirming the strength of both the location and the business that’s been serving the community for years. Inside, the building delivers a clean and functional 89 sqm* footprint with heating and cooling already in place.
- Leased to nationally-recognised tenant OPSM.
- $32,000 per annum + GST and outgoings.
- Renewed 5-year lease from 1st October 2025.
- Tenant has occupied the property for 20+ years.
- 89 sqm* total building area with rear access.
POINT OF VIEW:
Between the national tenant, renewed lease, and tightly held precinct, it doesn’t take an eye test to spot the opportunity here.
Recently renewed 5 year lease
$32,000 p.a rental + GST & outgoings
Occupying the property for 20+ Years JARROD MORAN
