Abandoned Binnen -Noord -Noord -Melbourne Factory set for Next Life as Housing -Realestate.com.au

Once the home base of a shocked military uniform manufacturer, an excellent site could transform into the inner north of Melbourne into a master plane community just 10 km from the CBD.

The 2.56-hectare site on 14–22 Gaffney Street is offered for sale as a development possibility that can be home to the next Masterplande community of the city.

The country, which is called ‘Coburg Lakes’, in the list because of the proximity of Coburg Lake Reserve, offers zoning for mixed use that could pink the road for a diverse range of new homes, from apartments and build-to-rent projects to large mansions or pension living.

Earlier the home base of the Australian Defense Clothing facility of the Australian government, where military uniforms were made, it was real estate Bought in 2022 By Ryman Healthcare with plans for a pension village of $ 350 million.

At the time, the company established in New Zealand said that the project would include a cafe, bar, gym, cinema, indoor swimming pool, specialized dementia care and new commercial space.

Those plans did not take place and the site is now on the market again through interest.

If redeveloped, the site of Coburg Lakes could take on public spaces, pedestrian -friendly streets and local services in addition to a mix of housing.

A rare opportunity in the inner north

Large residential packages near the Melbourne CBD are few.

Coburg Lakes is directly opposite Batman Station, which offers train services that reach the city within less than 20 minutes. Tramstops and bus routes are also nearby and bicycles and hiking trails connect the site with local parks and shops.

Lifestyle facilities are equally accessible. The eclectic mix of Sydney Road from cafés, restaurants and boutiques is just a few minutes away, while Pentidge Shopping Center offers a range of entertainment facilities, including Palace Bioscopes.

The nearby facilities, including Pentidge Shopping Center and Sydney Road. Photo: REALCOMFERCIAL.COM.AU

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The site is close to Coburg Lake Reserve, with hiking trails, picnic areas, playgrounds and organizes community activities. The well -used cycling routes from Merri Creek are also accessible from the surrounding streets.

Also located in the neighborhood, the earmarked Coburg Health and Community Services is precinct on Bell Street, which is already ongoing.

According to the Merri-Bek city council, this is expected to support more than 1000 new construction and health care jobs.

According to Proptrack data, the median house price of Coburg North is $ 990,000, an increase of 1.3% in the last 12 months, while units have a median price of $ 690,500.

The location near Brunswick, various large universities and the Biomedical District of Melbourne offers living -work options for employees and students.

Walkable streets, connections of public transport and nearby facilities make practical for residents who want access to the city without living in the CBD.

Expressions important for the site closes Thursday, October 30, 2025.

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