52-54 Bell St 2,174 SF Retail Building Heidelberg Heights, VIC 3081 For Sale

This high-profile corner property at 52-54 Bell Street presents a rare acquisition opportunity in Heidelberg Heights, one of Melbourne's fastest-evolving lifestyle and medical hubs. With combined improvements totaling approximately 202 m² set across a substantial 609 m² land parcel, the property boasts three street frontages including premier exposure to Bell Street. Zoned Mixed Use (MUZ), it offers the future flexibility for office, medical, or boutique residential development (STCA).
Currently, 52 Bell Street provides holding income from an existing tenancy, while 54 Bell Street is a vacant retail premises ready for immediate occupation or repositioning. The location is tightly held, with robust connectivity and proximity to Austin Hospital, Mercy Hospital for Women, Warringal Private Hospital, and the Olivia Newton-John Cancer Centre, reinforcing demand for healthcare and complementary professional services.
Situated in a precinct anchored by Heidelberg Railway Station and the Burgundy Street retail strip, the site also provides seamless access to public transport, major arterial roads, and Melbourne’s northeast growth corridor. With strong exposure, development upside, and short-term income security, this mixed-use landholding represents an exceptional proposition for owner-occupiers, investors, and developers alike.