Gross Waddell ICR in conjunction with Stonebridge Property Group are pleased to present 195-199 Heidelberg Road, Northcote, offered for sale via Expressions of Interest.

195-199 Heidelberg Road is a high-profile landholding in a prime inner-city Melbourne precinct – Northcote.

The total landholding will be sold as two separate freehold titles, which can be purchased individually or as
a whole.

Key highlights of the property include:

- Existing improvements comprise two multi-functional offices/warehouses with a total building area of 1,495 sqm*

- The improvements are bolstered by various roller doors, functional internal fit-outs, and self-contained amenities across all buildings

- Zoned Industrial 3 (IN3Z) allowing for uses including but not limited to office/commercial, retail, warehouse or a clever combination (STCA)

- Potential for future re-zone (STCA) noting current industrial zoning but neighbouring superior Mixeduse and Commercial 1 zones.

- 40+ Car parks on site at grade and accessible

- Potential for complete drive-through noting dual street access with existing crossovers

- Providing holding income across all titles

- Situated in the burgeoning precinct of Northcote, a precinct defined by warehouses, breweries, bars, restaurants, and national tenants noting EG Ampol (adjoining)

- Strategically connected to Melbourne CBD (6 km*) via Heidelberg Road or Westgarth Street bus networks, and Dennis Train Station (700 m*)

With two separate titles, the offering can be described as follows:

195 Heidelberg Road:

- The warehouse is 400 sqm*, complete with timber trusses, skylights, 2 x roller doors to Albert Street, and loading/unloading capacity

- Offered with twenty (20) off-street car parks

- Substantial 1,055 sqm* landholding with significant scope for development upside (STCA)

- Expansive dual street presence with 20.6 m* of frontage to Heidelberg Road and Albert Street

- Surplus hardstand and car park may allow for the lightweight construction of an extension and/or additional building (STCA)

- Offered with flexible short-term holding income $47,599* + GST per annum

199 Heidelberg Road:

- A dual-level commercial/warehouse building comprising 1,095 sqm*

- Offered with over twenty (20+) off-street car parks

- Expansive dual street presence with 40.2 m* of frontages to Heidelberg Road and Albert Street

- Offered with flexible short-term holding income $103,656* + GST per annum

195-199 Heidelberg Road, Northcote provides an opportunity to purchase a significant land parcel with a scope to occupy, landbank, re-purpose or develop (STCA).

195-199 Heidelberg Road, Northcote is for sale is for sale individually or together via Expressions of Interest closing Thursday 22nd May 2025 at 2pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Gross Waddell ICR. and Stonebridge Property Group.

Gross Waddell ICR:

Danny Clark
0448 066 889

Andrew Waddell
0419 400 991

Stonebridge Property Group:

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang
0411 625 068

*Approximately
^ VicRoads Data