new
For Sale
  • Development
  • Melbourne’s Preeminent Blue-Chip Investment Collection with Significant Underlying Land Value

    473 & 474-482 Lower Heidelberg Road & 1-7 Villa Street, Heidelberg, VIC 3084 Australia
    new
    For Sale
  • Development
  • Melbourne’s Preeminent Blue-Chip Investment Collection with Significant Underlying Land Value

    473 & 474-482 Lower Heidelberg Road & 1-7 Villa Street, Heidelberg, VIC 3084 Australia
    Lot Size
    7,356 SQM
    Lot Size
    7,356 SQM

    OVERVIEW

    Cushman & Wakefield Middle Markets & Development Site Sales proudly announce the availability of the “Heidelberg Collection” for private sale.


    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

    - Eastern Melbourne

    Details

    Sale Price:
    Negotiable
    Lot Size:
    7,356 SQM

    AVAILABILITIES

    LOCATION

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