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  • For sale
Major Heidelberg residential investment comprising 16 Apartments - #1
Major Heidelberg residential investment comprising 16 Apartments - #2
Major Heidelberg residential investment comprising 16 Apartments - #3
Major Heidelberg residential investment comprising 16 Apartments - #4
Major Heidelberg residential investment comprising 16 Apartments - #5
Major Heidelberg residential investment comprising 16 Apartments - #6
Major Heidelberg residential investment comprising 16 Apartments - #7
Major Heidelberg residential investment comprising 16 Apartments - #8
Major Heidelberg residential investment comprising 16 Apartments - #9
Colliers International is pleased to present 40 Rosanna Road, Heidelberg, for Private Sale.

The property is a significant 3-level residential building comprising 16 well-maintained apartments over a single-level basement car parking nestled amongst Heidelberg’s leafy streets and renowned parklands.

The residences directly adjoin Heidelberg Park and are walking distance to Possum Hollow Playground, Heidelberg Activity Centre & Medical Precinct, which includes a plethora of local shops, cafés and essential services and Heidelberg Train Station.

Key features of this blue-chip residential opportunity are noted below.

•Land holding of 1,215.24 m²* bounded by Salt Creek and with direct access to Heidelberg Park
•16 good-sized apartments, constructed in 2015, with an appropriate mix of 1, 2 and 3-bedrooms
•Estimated fully let income of $346,812* per annum based on current rental
•Ability to subdivide – proposal well progressed including payment of the POS contribution
•The proposed North East Link will significantly reduce congestion along Rosanna Road whilst improving connectivity to greater Melbourne and the CBD
•11 km* north-east of Melbourne’s CBD accessible via the Eastern Freeway, Heidelberg Train Station and Rosanna Road / Darebin Street bus stops
•Potential for depreciation allowances
•Affluent blue-chip residential suburb with a median house price of $1,272,000

(Source: CoreLogic RP Data)

* Denotes approx.

For further information, please contact the exclusive selling agents at Colliers International.

Joe Kairouz
0421 430 638

Hamish Burgess
0421 641 497