147 Northern Road, Heidelberg West

VERSATILE INVESTMENT - CIRCA 6% RETURN!

SOLD By Miles Real Estate. Located in Heidelberg West Business Park is this rare opportunity to secure a corner site leased investment with significant upside.

- Land area: 305 sq. metres (approx.)
- Total building area: 170 sq. metres (approx.)
- Zoned Industrial 3
- Rare corner site opportunity with the ability to improve (STCA) in the medium to long term
- Two separate occupancies -
Shop - Three (3) year term from June 2022 with option;
Residence - Twelve (12) months lease - Modern three-bedroom space with all the necessary amenities
- Combined income across both tenancies of $50,388 per annum
- Lock-up-garage with access from the side street
- Access to major arterial roads including Bell Street (South) & Plenty Road (North-East) along with access to local bus routes and Macleod Railway Station 2km away
- Location will only further be enhanced with the Northeast Link Project underway improving accessibility to the Heidelberg West and surrounding suburbs

Terms: 10% Deposit Balance 60/90 Days

For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181