Real Estate

Coburg house next to mechanic for sale

Coburg house next to mechanic for sale
Written by The ReReport
As seen in the Source link, written by on 2019-07-10 12:14:00

The house and car repair shop in Coburg are selling for $780,000-$850,000.

Car enthusiasts who love the smell of petrol in the morning could wake up in their dream pad at this Coburg property.

On one side is a circa-1930s California bungalow with worn interiors, on the other is mechanic’s garage D&B Supertune.

Being sold together, the commercial-one zoned properties at 167 Reynard St are priced at $780,000-$850,000 and will head under the hammer on August 3.

The price falls well short of the period home and Top to Toe Car Carecombination at 1 Stewart St, Brunswick, which is going for $1.75 million.

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The weatherboard exterior.

The building used by D&B Supertune is part of the package.

Inside the car mechanic.

On about 524sq m.

Barry Plant Inner City Group agent Jarrod Couch said the listing was “a bit of a unique one”.

He said the house was privately tenanted, and the mechanic business was leased month by month.

“Somebody might keep it as an investment, but it will most likely be snapped up by a developer who will buy, demolish and build townhouses,” Mr Couch said.

“Ideally the (D&B Supertune) owner would like to stay on if possible, but he is unsure as to what happens at the end of the lease. Another developer might keep it there for the next 12 months while the permit is in place.

“But I doubt a homebuyer will be interested in it.”

Beyond the weatherboard facade of the house, and to the right of the entrance, are two bedrooms. On the other side is a third bedroom, living room and a tiled bathroom with a bath. At the rear is the laundry, kitchen and an undercover area.

The car repair business features a large workshop, storeroom and staffroom.

Mr Couch said the vendors had owned the investment property since the early 2000s, and decided it was time to move on.

The bright blue living room.

One of three bedrooms.

The kitchen and meals area.

“It’s on the corner of Reynard St and is pretty popular, with people telling me they’d seen it for years,” he said.

No. 167 Reynard St sold for $259,000 in October 2000, according to CoreLogic, and the automotive garage is leased for $1340 per month.

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