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376 Heidelberg Road, FAIRFIELD, VIC 3078

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376 Heidelberg Road, FAIRFIELD, VIC 3078

376 Heidelberg Road, FAIRFIELD, VIC 3078

Properties / Sold / Victoria / Fairfield
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
1,072 m² (*approx)
Selling Method
Auction: Wednesday 10th April at 12 noon on-site
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2. Property Highlights

Standalone Office Building: Invest, Occupy, Develop (STCA)

Knight Frank is pleased to offer for private sale this outstanding standalone office building located in a high-profile location.

376 Heidelberg Road provides outstanding potential for investors and developers to add value through refurbishment or a complete redevelopment. Alternatively, the property represents a rare opportunity for owner occupiers to purchase a high-profile standalone office building in an area undergoing significant change.

Key benefits of this outstanding offering include:

• Land Area of 1,072 sqm*, Zoned Commercial 2 under the City of Yarra

• Standalone two-level office building of 830 sqm* with 18 onsite car parks

• Excellent frontage to Heidelberg Road and rear access from Park Crescent

• 75% leased with passing income of $164,628* per annum net (potential fully leased income of $210,000* net per annum)

• Excellent potential for rental growth

• Tightly held location less than 15 minutes (6km) from the CBD.

• Minutes to High Street, Northcote and Station Street, Fairfield retail strips

• Quick access to Eastern Freeway via Chandler Highway

• 700m to Fairfield train station with multiple bus routes (546, 609, 251 & 256) within a short walk

For further information please contact the exclusive agents.

*approx

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial
Land Area
1,072 m² (*approx)
Selling method
Auction: Wednesday 10th April at 12 noon on-site

2. Property Highlights

Standalone Office Building: Invest, Occupy, Develop (STCA)

Knight Frank is pleased to offer for private sale this outstanding standalone office building located in a high-profile location.

376 Heidelberg Road provides outstanding potential for investors and developers to add value through refurbishment or a complete redevelopment. Alternatively, the property represents a rare opportunity for owner occupiers to purchase a high-profile standalone office building in an area undergoing significant change.

Key benefits of this outstanding offering include:

• Land Area of 1,072 sqm*, Zoned Commercial 2 under the City of Yarra

• Standalone two-level office building of 830 sqm* with 18 onsite car parks

• Excellent frontage to Heidelberg Road and rear access from Park Crescent

• 75% leased with passing income of $164,628* per annum net (potential fully leased income of $210,000* net per annum)

• Excellent potential for rental growth

• Tightly held location less than 15 minutes (6km) from the CBD.

• Minutes to High Street, Northcote and Station Street, Fairfield retail strips

• Quick access to Eastern Freeway via Chandler Highway

• 700m to Fairfield train station with multiple bus routes (546, 609, 251 & 256) within a short walk

For further information please contact the exclusive agents.

*approx

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

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3. Property Location

376 Heidelberg Road, FAIRFIELD, VIC 3078

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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376 Heidelberg Road, FAIRFIELD, VIC 3078 Fairfield
Knight Frank - Mulgrave
Knight Frank - Mulgrave
Nexus Corporate Park Level 3, 10 Nexus Court Mulgrave, VIC, 3170
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