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112 Bell Street 3,272 SF Retail Building Heidelberg Heights, VIC 3081 For Sale
Investment Highlights
- Secure 10-year lease (commencing May 2023) to QM Australia Group Pty Ltd with two 5-year options.
- Positioned within a growth corridor near Austin Hospital, La Trobe University, and Northland Shopping Centre, surrounded by notable retail
- Located on Bell Street, one of Melbourne’s key arterial routes with high exposure and passing traffic.
Executive Summary
112 Bell Street, Heidelberg Heights offers an outstanding investment and future development opportunity in one of Melbourne’s strongest growth corridors. This freestanding property occupies a substantial 1,111 sqm landholding with Mixed Use Zoning (MUZ), enabling exceptional flexibility for long-term redevelopment (STCA).
The property benefits from a prime high-exposure frontage of approximately 25.68 meters to Bell Street, a major arterial carrying significant daily traffic through Melbourne’s northeast. Currently leased to QM Australia Group Pty Ltd on a secure 10-year term commencing May 2023, the asset delivers strong holding income of $124,354.47 per annum plus GST, with the tenant paying all outgoings excluding Land Tax. Rental growth is underpinned by annual CPI increases and market reviews, adding to the long-term income security.
Prominently positioned next to McDonald’s and within proximity to major precincts including Austin Hospital, La Trobe University, and Northland Shopping Centre, the property stands in a rapidly evolving mixed-use environment presenting excellent future development prospects.
The property benefits from a prime high-exposure frontage of approximately 25.68 meters to Bell Street, a major arterial carrying significant daily traffic through Melbourne’s northeast. Currently leased to QM Australia Group Pty Ltd on a secure 10-year term commencing May 2023, the asset delivers strong holding income of $124,354.47 per annum plus GST, with the tenant paying all outgoings excluding Land Tax. Rental growth is underpinned by annual CPI increases and market reviews, adding to the long-term income security.
Prominently positioned next to McDonald’s and within proximity to major precincts including Austin Hospital, La Trobe University, and Northland Shopping Centre, the property stands in a rapidly evolving mixed-use environment presenting excellent future development prospects.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,272 SF
Building Class
C
NOI
$87,526
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.27 AC
Frontage
84’ on Bell Street
Amenities
- Signage
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112 Bell Street
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