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 +61 417 070 725
