59 St Hellier Street, Heidelberg Heights

Substantial Site With Enormous Upside!

SOLD by Miles Real Estate.
This unique commercial property lies within the highly sought after Heidelberg Heights location, surrounded by well-established residential properties and in close proximity to Bell Street and Heidelberg's thriving retail and medical precincts in Burgundy Street, including national brand retailers and Austin, Mercy and Warringal Hospitals.
- Total Land Area: 1,456 sq. metres (approx.)
- Building Area: 1,486 sq. metres (approx.)
- Zoned: Industrial 1
- Tenancies: Multiple tenancy areas including Hustle and Thrive Fitness Studio with potential for approximately fully leased net income of $170,000.00 pa
- On-site parking: 16 cars
- Features include: Rear right of way access to basement parking, existing factory, first floor offices, fitness studio tenancy and separate tenancy utilised for food preparation business
The property will suit both owner-occupiers seeking the benefits of a commercial site without being immersed within an Industrial Estate, and also tremendous potential for developers wishing to further enhance in the medium term (STCA).

Terms: 10% Deposit Balance 90 Days
For further details or to inspect contact:
Paul Evans 0408 144 181
Jonathan Rizzo 0404 125 846
Tim Mitchell 0417 339 986