Stonebridge Property Group in conjunction with Gross Waddell ICR, on behalf of Transaction Manager Peter Smyth, are pleased to present 195 & 199 Heidelberg Road, Northcote, offered for sale via Expressions of Interest.

195 & 199 Heidelberg Road are high-profile landholdings in a prime inner-city Melbourne precinct – Northcote.

The total landholding will be sold as two separate freehold titles, which can be purchased individually or as a whole.

Key highlights of the property include:

– Existing improvements comprise two multi-functional offices/warehouses with a total building area of 1,523 sqm*

– The improvements are bolstered by various roller doors, functional internal fit-outs, and self-contained amenities across all buildings

– Zoned Industrial 3 (IN3Z) allowing for uses including but not limited to office/commercial, retail, warehouse or a clever combination (STCA)

– Potential for future re-zone (STCA) noting current industrial zoning but neighbouring superior Mixed-use and Commercial 1 zones.

– 40+ car parks on site at grade and accessible

– Potential for complete drive-through noting dual street access with existing crossovers

– Providing holding income across all titles

– Situated in the burgeoning precinct of Northcote, a precinct defined by warehouses, breweries, bars, restaurants, and national tenants noting EG Ampol (adjoining)

– Strategically connected to Melbourne CBD (5.5 km*) via Heidelberg Road or Westgarth Street bus networks, and Dennis Train Station (700 m*)

With two separate titles, the offering can be described as follows:

195 Heidelberg Road:

– The warehouse is 400 sqm*, complete with timber trusses, skylights, 2 x roller doors to Albert Street, and loading/unloading capacity

– Offered with twenty (20) off-street car parks

– Substantial 1,055 sqm* landholding with significant scope for development upside (STCA)

– Expansive dual street presence with 20.6 m* of frontage to Heidelberg Road and Albert Street

– Surplus hardstand and car park may allow for the lightweight construction of an extension and/or additional building (STCA)

– Offered with flexible short-term holding income $47,599* + GST per annum

199 Heidelberg Road:

– A dual-level commercial/warehouse building comprising 1,095 sqm*

– Offered with over twenty (20+) off-street car parks

– Expansive dual street presence with 40.2 m* of frontages to Heidelberg Road and Albert Street

– Offered with flexible short-term holding income $103,656* + GST per annum

195 & 199 Heidelberg Road, Northcote provides an opportunity to purchase a significant land parcel with a scope to occupy, landbank, re-purpose or develop (STCA).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and Gross Waddell ICR.

Stonebridge Property Group:

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang 张超
0411 625 068

Gross Waddell ICR:

Danny Clark
0448 066 889

Andrew Waddell
0419 400 991

On behalf of:

Peter Smyth
Transaction Manager
Untitled Property

*Approximately

^ VicRoads Data

Property Code: 1251