55 The Mall Heidelberg West VIC 3081
Property Details for 55 The Mall, Heidelberg West
Last Listing description (November 2020)
Join IGA, Australia Post, Subway, Aldi, Chemist Warehouse and some 80 specialty retailers in the Bell Street Mall retail precinct.
Your options - retain the current tenant, occupy the property yourself or take advantage of the redevelopment upside.
THE OPPORTUNITY
- Total building area 188sqm*
- Land area 186sqm*
- Gas connected
- Fully fitted retail premises currently leased as offices
- Plans and permits for two commercial premises, one 1 bedroom apartment and one 2 bedroom apartment
- Substantial residential catchment surrounding the property
- Large industrial & commercial precinct nearby
- Ample off-street parking
The property is occupied by a longstanding tenant providing aged care and disability services, on an over-holding basis.
THE LOCATION
- 1.7kms* from Northland Shopping Centre
- Excellent Bus access with multiple services
- 2kms* to Heidelberg train station
- 400* metres from Melbourne Polytechnic Heidelberg Campus
An Information Memorandum is available on request. Call Ray White Commercial - Preston for more details.
*Approx.
Property History for 55 The Mall, Heidelberg West, VIC 3081
- 21 Nov 2019Listed for Sale Contact Agent
- 25 Feb 2019Listed for Rent - Price not available
- 10 Dec 2018Listed for Rent - Price not available
Recent sales nearby
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About Heidelberg West 3081
The size of Heidelberg West is approximately 3.2 square kilometres. There are 9 parks, covering nearly 14.1% of the total area. The population of Heidelberg West in 2016 was 5545 people. By 2021 the population was 5252 showing a population decline of 5.3% in the area during that time. The predominant age group in Heidelberg West is 30-39 years. Households in Heidelberg West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg West work in a professional occupation.In 2021, 42.40% of the homes in Heidelberg West were owner-occupied compared with 37.90% in 2016.
Heidelberg West has 4,360 properties. Over the last 5 years, Houses in Heidelberg West have seen a -2.32% decrease in median value, while Units have seen a 3.28% increase. As at 31 July 2026:
- The median value for Houses in Heidelberg West is $858,018 while the median value for Units is $704,170.
- Houses have a median rent of $550 while Units have a median rent of $610.
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