Heidelberg Collection, 473 & 474-482 Lower Heidelberg Road & 1-7 Villa Street, Heidelberg, VIC 3084

Cushman & Wakefield Middle Markets & Development Site Sales proudly announce the availability of the “Heidelberg Collection” for sale via Expressions of Interest closing Thursday 14 November 2024 at 2.00pm (AEDT).

A once-in-a-lifetime opportunity to acquire three cornerstone assets in the highly sought after suburb of Heidelberg, Melbourne, underpinned by concurrent leases to blue-chip tenant Servco Australia Pty Ltd, the largest Toyota dealer group in Australia.

Key Investment & Development Highlights:

• Substantial underlying land value with a combined area of 7,356 sqm*, offering a rare investment opportunity with long-term development upside.

• Three separate sites being offered in one line, comprising three prominent car dealership sites within immediate proximity.

• High exposure position on Lower Heidelberg Road, providing excellent visibility to passing traffic and potential customers.

• Located in a high-growth area, benefiting from Heidelberg’s role as a key activity centre and its designation within Melbourne’s strategic urban development plans.

• Significant holding income from secure leases with long-term tenant, generating $1,592,574 per annum excl. GST.

• Strong tenant covenant, anchored by Servco Australia, the Australian arm of Hawaii-based Servco Pacific Inc (Servco), operating as part of the Melbourne City Toyota.

• Huge long-term redevelopment potential with favourable Commercial 1 zoning, allowing for development of up to 8 levels in alignment with the Heidelberg Structure Plan.

• Prime location with established amenities surrounded by Warringal Shopping Centre, Woolworths, Heidelberg Magistrates’ Court, and key local retailers such as Mitre 10 and KFC.

• Proximity to vibrant retail and educational precincts such as Burgundy Street retail precinct, offering a mix of cafes, restaurants, and essential services within walking distance. The area is also near the Yarra River parklands, Melbourne Polytechnic, and La Trobe University (Bundoora Campus).

• Close to Heidelberg’s medical precinct, which includes Austin Hospital, Warringal Private Hospital, and Mercy Hospital for Women, providing top-tier healthcare services and numerous employment opportunities.

• Situated along major arterial routes, including Lower Heidelberg Road, and near the North East Link Project, enhancing accessibility and future growth prospects. Just 700* meters from Heidelberg Train Station and Bus Interchange, offering excellent public transport access to Melbourne’s CBD and surrounding suburbs.

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Joe Kairouz +61 421 430 638

Daniel Wolman +61 412 957 839

Hamish Burgess +61 421 641 497

Leon Ma 马海翔 +61 417 070 725

Remember to mention you found this property on DevelopmentReady