26-28 Vernon Avenue & 20 Percy Street,
Heidelberg West, VIC 3081
Warehouse, Factory & Industrial
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
26-28 Vernon Avenue & 20 Percy Street
Heidelberg West, VIC 3081
Map of 26-28 Vernon Avenue & 20 Percy Street
Industrial investment with dual frontage offering future value-add potential
**** SOLD *****
Gross Waddell ICR is excited to offer this outstanding opportunity, located in the heart of a tightly held industrial precinct, some 10km’s north-east of Melbourne’s CBD, leased to a longstanding tenant and providing future flexibility to occupy or redevelop (STCA) on expiry of the current term.
• Current rental of $127,080* p.a. net plus GST with 3% annual increases
• Recently renewed lease for 5 years commencing 15/3/2023
• Sizeable landholding of 1,886 sqm* on one title
• Two street frontages - Vernon Avenue & Percy Street
• Building Area of 1,412sqm*
• Zoned Industrial 1 (IN1Z)
• No further terms – allowing flexibility to occupy or develop (STCA) on expiry of lease
Expressions of Interest Closing Wednesday 29th March at 3pm.
For further details contact the exclusive sales agents at Gross Waddell ICR.
Gross Waddell ICR is excited to offer this outstanding opportunity, located in the heart of a tightly held industrial precinct, some 10km’s north-east of Melbourne’s CBD, leased to a longstanding tenant and providing future flexibility to occupy or redevelop (STCA) on expiry of the current term.
• Current rental of $127,080* p.a. net plus GST with 3% annual increases
• Recently renewed lease for 5 years commencing 15/3/2023
• Sizeable landholding of 1,886 sqm* on one title
• Two street frontages - Vernon Avenue & Percy Street
• Building Area of 1,412sqm*
• Zoned Industrial 1 (IN1Z)
• No further terms – allowing flexibility to occupy or develop (STCA) on expiry of lease
Expressions of Interest Closing Wednesday 29th March at 3pm.
For further details contact the exclusive sales agents at Gross Waddell ICR.
Heidelberg West, 3081 demographic data
The median household income for Heidelberg West is $1,257, 34% lower than Greater Melbourne's household income of $1,901. Heidelberg West has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 60% of property owners in Heidelberg West have a mortgage.
5,252
Population
$1,257 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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