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1/2 Norris Street

Coburg North VIC 3058

2
1
2
Townhouse
Currently for sale - view listing

Overview

Commercial Asset with Residential Zoning Flexibility & Future Potential

Set within a striking, architecturally designed development in one of Melbourne's most vibrant inner-north pockets, this bold three-level property delivers industrial character, modern style and exceptional flexibility. Originally conceived and constructed as an office/warehouse development and later rezoned by the council to residential, the property presents a rare opportunity for buyers seeking a highly versatile space with future potential (STCA). With its strong architectural lines, polished timber floors, industrial glazing and clean, minimalist finishes, this is a space that feels creative, urban and unapologetically cool offering a flexible environment that can be adapted to suit a range of uses. WHY THIS OPPORTUNITY IS UNIQUE Warehouse-inspired architecture with scale, volume and presence Oversized ground-level garage/storage/workspace Clear separation between levels for flexible use High-quality modern construction with stylish internal finishes A versatile layout suited to live/work, studio or commercial-style occupation Residential zoning providing longer-term flexibility (STCA) INVESTMENT / INCOME Currently leased at $41,712 per annum, with the lease expiring 30 June 2026. CONFIGURATION Comprising: Open-plan living-style zones with excellent natural light Sleek, modern kitchen with minimalist finishes Polished timber flooring and contemporary lighting Private outdoor courtyard Secure, gated development Split-system heating and cooling IDEAL FOR Tradies seeking secure storage and workspace Creatives, designers or consultants Small business owners combining work and lifestyle Buyers attracted to warehouse-style environments Investors seeking a flexible, income-producing asset LOCATION Positioned in Coburg North, an area known for its culture, connectivity and ongoing transformation: Easy access to Sydney Road cafés, bars and retail Walking distance to Merlynston Station Direct connectivity to the Ring Road and CBD A precinct continuing to evolve and attract strong demand IMPORTANT BUYER INFORMATION This property was constructed and is currently classified under the Building Code of Australia as a Class 7b (warehouse) and Class 5 (office) building. The land has since been rezoned to residential, which may present future potential for alternative use, subject to all relevant planning, building and regulatory approvals. Prospective purchasers should note that the property has not been assessed or certified for compliance with residential building standards, and any change of use may require further approvals, works and investigations. Buyers are strongly encouraged to undertake their own independent due diligence, including enquiries with Council, building consultants and relevant advisers, to satisfy themselves as to suitability for their intended use.

Features

2 bedrooms
1 bathroom
2 carspaces
Townhouse

Property history for 1/2 Norris Street

2025
Rented
Undisclosed
Leased on 10 Jun 2025 by Scott Banks Real Estate Group

Happy sellers in Coburg North

80%
80% of sellers in Coburg North reported that their sale price either exceeded or met their price expectations.

Coburg North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Coburg North over the last 12 months.

Local market activity for 2 bedroom townhouses in Coburg North

In the last 12 months, 22 two-bedroom townhouses similar to 1/2 Norris Street, have been sold.

This represents a 20% increase in two-bedroom townhouses sales when compared to the previous 12 months.

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