A prominent Melbourne commercial property with the potential to house three tenants will go under the hammer next week through Gross Waddell.

Situated on the western side of Sydney Road, within the heart of Coburg's major retail precinct, 399-399a Sydney Road comprises a ground floor retail area and two first-floor office suites, each with their own separate entry.

The fully-tenanted property benefits from two street frontages to Sydney Road and a rear council car park positioned opposite Woolworths and Dan Murphy's.

At a glance:

• A double-storey retail/office at 399-399a Sydney Road, Coburg will go under the hammer next week through Gross Waddell.
• The property has a ground floor retail space and two first-floor office suites, each with separate entry.
• A public auction will be held onsite at 1pm on Wednesday, December 11.

Selling agent Benjamin Klein said he expected the combination of flexibility and location to attract investors.

"Multiple income streams is definitely something people look for in commercial property," he said.

"It's also very central, so there should be no trouble finding new tenants in the future."

The property has a total building area of 391 square metres (approx.), plus balconies, and is zoned Activity Centre Zone 1.

A public auction will be held onsite at 1pm on Wednesday, December 11.

For more information about 399-399a Sydney Road, email or phone Benjamin Klein or Michael Gross via the details provided below.

Click here to view the listing.

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