10 Yarra StreetHeidelberg VIC 3084
Property Details for 10 Yarra St, Heidelberg
Last Listing description (October 2023)
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.
Property History for 10 Yarra St, Heidelberg, VIC 3084
- 28 Nov 2023Sold for $7,200,000
- 19 Oct 2023Listed for Sale Contact Agent
- 10 Aug 2023Transferred
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0About Heidelberg 3084
The size of Heidelberg is approximately 2.9 square kilometres. It has 13 parks covering nearly 20% of total area. The population of Heidelberg in 2011 was 5,712 people. By 2016 the population was 6,250 showing a population growth of 9.4% in the area during that time. The predominant age group in Heidelberg is 30-39 years. Households in Heidelberg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg work in a professional occupation. In 2011, 63.4% of the homes in Heidelberg were owner-occupied compared with 57.2% in 2016.
Heidelberg has 4,336 properties. Over the last 5 years, Houses in Heidelberg have seen a 18.47% increase in median value, while Units have seen a 12.37% increase. As at 31 October 2024:
- The median value for Houses in Heidelberg is $1,386,121 while the median value for Units is $666,312.
- Houses have a median rent of $600 while Units have a median rent of $530.
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