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22-26 St Hellier St 365 - 409 SF Retail Condo Units Offered at $275,391 Per Unit in Heidelberg Heights, VIC 3081
Investment Highlights
- 38 m² retail space with external dining capability under canopy area.
- Located near Austin Hospital, Mercy Hospital for Women, and Warringal Private Hospital, supporting consistent area activity.
- Close proximity to Burgundy Street, Heidelberg Station, and key medical facilities.
Executive Summary
22-26 St Hellier Street is located within a residential zone integrated with local retail activity in Heidelberg Heights. The site has frontage to St Hellier Street and is positioned near major metropolitan health institutions and public transport routes, including Heidelberg Railway Station.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
The property at 22 St Hellier Street, Heidelberg Heights comprises approximately 34 m² of ground-floor retail space configured for café use. It includes outdoor dining capability on a covered footpath and benefits from surrounding residential density with on-street parking. The site is located near Heidelberg Station, public transport, and major healthcare facilities including Austin and Mercy Hospitals.
Sale Notes
This affordable retail investment is located within the sought-after Heidelberg Heights precinct, surrounded by a well-established residential community. Currently occupied by a long-standing café tenant, the property provides consistent income with secure leasing and additional upside, making it a desirable entry point for investors.
The asset features a three-year lease that commenced in April 2025, with one further three-year option, returning $18,000 per annum plus GST and outgoings. Annual reviews are linked to CPI, supporting long-term income stability. Positioned on a tree-lined street just minutes from Burgundy Street retail precinct, the property offers advantages like generous outdoor dining opportunities under a broad canopy, strong neighborhood engagement, and ample surrounding street parking.
Located within easy reach of Heidelberg Railway Station, major medical facilities such as Austin, Mercy, and Warringal Private Hospitals, and key transport links, this property benefits from enduring local demand. Its accessible location among an increasingly tightly held enclave ensures continued appeal as the area experiences steady gentrification. Contact Marcus Varrasso or Paul Evans for further inquiries.
The asset features a three-year lease that commenced in April 2025, with one further three-year option, returning $18,000 per annum plus GST and outgoings. Annual reviews are linked to CPI, supporting long-term income stability. Positioned on a tree-lined street just minutes from Burgundy Street retail precinct, the property offers advantages like generous outdoor dining opportunities under a broad canopy, strong neighborhood engagement, and ample surrounding street parking.
Located within easy reach of Heidelberg Railway Station, major medical facilities such as Austin, Mercy, and Warringal Private Hospitals, and key transport links, this property benefits from enduring local demand. Its accessible location among an increasingly tightly held enclave ensures continued appeal as the area experiences steady gentrification. Contact Marcus Varrasso or Paul Evans for further inquiries.
| Sale Type | Investment | APN/Parcel ID | CM2\PS717082 |
| Sale Type | Investment |
| APN/Parcel ID | CM2\PS717082 |
Description
This 38 m² retail property in Heidelberg Heights is a securely leased café investment with a two-year term starting May 2026. It includes outdoor dining space under a canopy and convenient on-street parking for patrons. Located near Heidelberg Station and key retail and medical hubs, it offers accessibility in a well-established area.
Sale Notes
Priced at $385,000, this property represents a securely tenanted retail investment within an established Heidelberg Heights setting. It occupies a 38 m² space currently leased as a café under a two-year term commencing 11 May 2026, with annual rental increases of 4%. The lease returns $19,500 per annum plus GST and outgoings, providing consistent income generation for investors.
The premises benefit from a generous footpath and canopy area suitable for outdoor dining purposes and enjoy convenient street parking for customer use. Positioned near Heidelberg Station and Burgundy Street retail precinct, the asset maintains steady accessibility to medical and employment hubs including Austin Hospital, Mercy Hospital for Women, and Warringal Private Hospital, supporting local demand. Contact Marcus Varrasso or Mark Dixon for further inquiries.
The premises benefit from a generous footpath and canopy area suitable for outdoor dining purposes and enjoy convenient street parking for customer use. Positioned near Heidelberg Station and Burgundy Street retail precinct, the asset maintains steady accessibility to medical and employment hubs including Austin Hospital, Mercy Hospital for Women, and Warringal Private Hospital, supporting local demand. Contact Marcus Varrasso or Mark Dixon for further inquiries.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 22 | 365 SF | Retail | $275,391 ($754.49/SF) | - |
| Unit 24 | 409 SF | Retail | $275,391 ($673.33/SF) | - |
Unit 22
| Unit Size |
| 365 SF |
| Condo Use |
| Retail |
| Price |
| $275,391 ($754.49/SF) |
| NOI |
| - |
Unit 24
| Unit Size |
| 409 SF |
| Condo Use |
| Retail |
| Price |
| $275,391 ($673.33/SF) |
| NOI |
| - |
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Unit 22
| Unit Size | 365 SF |
| Condo Use | Retail |
| Price | $275,391 ($754.49/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| The property at 22 St Hellier Street, Heidelberg Heights comprises approximately 34 m² of ground-floor retail space configured for café use. It includes outdoor dining capability on a covered footpath and benefits from surrounding residential density with on-street parking. The site is located near Heidelberg Station, public transport, and major healthcare facilities including Austin and Mercy Hospitals.</li></ul> | |
| Sale Notes | |
| This affordable retail investment is located within the sought-after Heidelberg Heights precinct, surrounded by a well-established residential community. Currently occupied by a long-standing café tenant, the property provides consistent income with secure leasing and additional upside, making it a desirable entry point for investors.<br> The asset features a three-year lease that commenced in April 2025, with one further three-year option, returning $18,000 per annum plus GST and outgoings. Annual reviews are linked to CPI, supporting long-term income stability. Positioned on a tree-lined street just minutes from Burgundy Street retail precinct, the property offers advantages like generous outdoor dining opportunities under a broad canopy, strong neighborhood engagement, and ample surrounding street parking.<br> Located within easy reach of Heidelberg Railway Station, major medical facilities such as Austin, Mercy, and Warringal Private Hospitals, and key transport links, this property benefits from enduring local demand. Its accessible location among an increasingly tightly held enclave ensures continued appeal as the area experiences steady gentrification. Contact Marcus Varrasso or Paul Evans for further inquiries.</li></ul> |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 24
| Unit Size | 409 SF |
| Condo Use | Retail |
| Price | $275,391 ($673.33/SF) |
| NOI | - |
| Sale Type | Investment |
| APN/Parcel ID | CM2\PS717082 |
| Description | |
| This 38 m² retail property in Heidelberg Heights is a securely leased café investment with a two-year term starting May 2026. It includes outdoor dining space under a canopy and convenient on-street parking for patrons. Located near Heidelberg Station and key retail and medical hubs, it offers accessibility in a well-established area.</li></ul> | |
| Sale Notes | |
| Priced at $385,000, this property represents a securely tenanted retail investment within an established Heidelberg Heights setting. It occupies a 38 m² space currently leased as a café under a two-year term commencing 11 May 2026, with annual rental increases of 4%. The lease returns $19,500 per annum plus GST and outgoings, providing consistent income generation for investors.<br> The premises benefit from a generous footpath and canopy area suitable for outdoor dining purposes and enjoy convenient street parking for customer use. Positioned near Heidelberg Station and Burgundy Street retail precinct, the asset maintains steady accessibility to medical and employment hubs including Austin Hospital, Mercy Hospital for Women, and Warringal Private Hospital, supporting local demand. Contact Marcus Varrasso or Mark Dixon for further inquiries.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 3,789 SF | Floors | 2 |
| Property Type | Retail | Typical Floor Size | 1,894 SF |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.07 AC |
| Building Class | C |
| Total Building Size | 3,789 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,894 SF |
| Lot Size | 0.07 AC |
Amenities
- Bus Line
- Commuter Rail
- Signage
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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22-26 St Hellier St
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