15 Merlyn Street, Coburg North VIC 3058

A truly unique opportunity, this versatile 490m2 (approx.) block zoned Commercial 1 also offers immediate residential comfort with great opportunity to develop into a four-storey apartment complex comprising two shop fronts, eight family sized apartments and rooftop entertaining (advertising process complete in town planning). Currently a freestanding Art Deco residence set amongst Merlynston Street's shops,the property showcases original decorative ceilings and hardwood floors throughout, while convenient rear laneway ROW increases the appeal. The intelligent layout boasts an equipped kitchen/meals area, modern bathroom with two separate WCs, formal lounge/sitting room, storage and three main rooms that can be utilised as bedrooms. There is a six car garage/workshop, plus four car carport and additional off-street-parking that can be accessed via roller doors. Ready to transform and delivering capitalised potential less than 11km to Melbourne's iconic CBD, it's positioned near the leafy Merri Creek Trail, schools, transport, Coburg North Village and Sydney Road amenities.