Gorman Allard Shelton is pleased to offer this rare opportunity to acquire a substantial warehouse facility situated within this extremely tightly held inner-northern suburban pocket of Heidelberg.

10 Yarra Street, Heidelberg comprises a modern high clearance warehouse with associated office/showroom, hardstand and exceptional rear access, as well as being further underpinned by a large landholding with future development potential.

For sale by Expression of Interest closing Thursday 23rd November 2023 at 2pm.

The key highlights of the offering are as follows:

* Large landholding of 2,023 sqm approx.
* Superb warehouse facility of 1,782 sqm approx.
* Short-term lease with holding income – suits future occupiers or developers
* Leased to long standing tenant - Courtney & Patterson Ford Service Centre with income of $273,181 pa + GST + outgoings
* Prime Commercial 1 zoning providing a multitude of uses and future development outcomes
* Prominent frontage to Yarra Street of 50+ metres and dual street access via Park Lane
* Located within the tightly held mixed-use Heidelberg Activity Centre and positioned within the Heidelberg Structure Plan indicating future building heights of 10 storeys (STCA)
* Walking distance to Burgundy Street retail amenity anchored by major supermarket tenants and Warringal Shopping Centre

Close proximity to major arterial routes, including the soon to be completed “North-East Link”, Banksia Street, Lower Heidelberg Road and surrounded by major infrastructure and health facilities such as the Austin Hospital Health precinct, Dorevitch Pathology and Warringal Hospital.