Long Term Investment!
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50 The Mall, Heidelberg West VIC 3081

Auction 01/05/24

RetailSize: n/a
Block size: 223 m² approx.
An exciting opportunity to enter the commercial investment market at a very moderate price point with a strong return of $30,000 pa plus GST and outgoings. Secure 5-year lease started June 2022 with a further 5-year option.

This commercial precinct with active high-rise developments in close proximity with a changing demographic, just 10 kms from Melbourne's CBD.
- Potential for rental growth
- Neighbouring tenancies include pharmacy, fast food shops, Cash Converters and Australia Post
- Bus routes along Bell Street and 2kms from Heidelberg Train Station
- 220 sq. metres (approx.) of floor area
- Heated and air-conditioned

Terms: 10% Deposit Balance 60/90 Days

For further details or to inspect contact:
Mark Dixon 0423 395 699
Paul Evans 0408 144 181

Inspections

No open inspections scheduled.

Send an enquiry

Contact Mark Dixon to learn more about this property, request an inspection or take an online tour.

Auction

Wednesday 1 May, 12:00pm
On Site

Key details

Property type:
Retail
Block Size:
223 *

Other Details

Lot:
2
Plan:
LP46915
Legal description:
2\LP46915
Miles Real Estate Ivanhoe

Maps and area information

Block information
Block size: 223 (approx)
Legal description: 2\LP46915
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history

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See Heidelberg West's suburb profile

Heidelberg West suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
36 years
Population
5,252
Listing ID: 182409893. This listing has been viewed 0 times. It was first displayed on 28/03/2024 and last updated on 28/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.