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Property Type

State

Status

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Closed

Private Property 
Trust No. 1 (Heidelberg)

456 Lower Heidelberg Road, Heidelberg VIC

Leased To

Trust

Private Property Trust No. 1

Purchase Date

June 2001

Price

$7 million

Property Profile

A two level office building with circa 136 car parks over two basement levels. The property is located in Heidelberg, approximately 13 kms northeast of the Melbourne CBD and forms part of an established business precinct, not far from Heidelberg’s major health facilities such as the Austin, Repat and Mercy Maternity hospitals. Connecting to major arterials and only a short distance from Heidelberg Train Station, the property possesses strong transport links. 

Notably, the Woolworths supermarket located opposite the property is currently under redevelopment. Burgundy Street shops and Warringal Shopping Centre provide additional retail offerings located  in walking distance.

In December 2016 Specialist Diagnostic Services Pty Ltd (SDS Pathology), a subsidiary of Primary Healthcare Limited (Primary), commenced leasing the first floor and will lease the ground floor commencing July 2019 when L& H vacate the premises.

SDS Pathology is one of Australia’s leading private suppliers of medical laboratory and pathology services, including names such as Dorevitch Pathology, Kossard, Laverty Pathology and Tasmanian Medical Laboratories. Primary is an ASX 100 company with a market capitalisation of around $2 billion.

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