Standalone Office Building: Invest, Occupy, Develop (STCA)
Knight Frank is pleased to offer for private sale this outstanding standalone office building located in a high-profile location.
376 Heidelberg Road provides outstanding potential for investors and developers to add value through refurbishment or a complete redevelopment. Alternatively, the property represents a rare opportunity for owner occupiers to purchase a high-profile standalone office building in an area undergoing significant change.
Key benefits of this outstanding offering include:
• Land Area of 1,072 sqm*, Zoned Commercial 2 under the City of Yarra
• Standalone two-level office building of 830 sqm* with 18 onsite car parks
• Excellent frontage to Heidelberg Road and rear access from Park Crescent
• 75% leased with passing income of $164,628* per annum net (potential fully leased income of $210,000* net per annum)
• Excellent potential for rental growth
• Tightly held location less than 15 minutes (6km) from the CBD.
• Minutes to High Street, Northcote and Station Street, Fairfield retail strips
• Quick access to Eastern Freeway via Chandler Highway
• 700m to Fairfield train station with multiple bus routes (546, 609, 251 & 256) within a short walk
For further information please contact the exclusive agents.
*approx
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