Neue Space
Heidelberg West
Commercial & Industrial
Neue Space, Heidelberg West | Commercial Warehouses For Sale
Neue Space in Heidelberg West offers a premier entry point for SMSF commercial property investors targeting highly resilient industrial assets. These modern, efficient warehouse units with high-span spaces and fully customisable layouts are suitable for a wide range of occupiers.
What sets Neue Space apart?
Its location sitting nearby the transformative $26 billion North-East link project, and within easy reach of to two major retail hubs, Northland Shopping Centre and Greensborough Plaza.
Beyond the location, the demand fundamentals are equally compelling. Online sales in Australia continue to rise steadily and now account for 15% of total retail spending. This growth is driven by changing consumer behavior, with the number of online shoppers increasing from 8.1 million in 2019 to 9.8 million in 2024. As a result, major retailers are requiring more space for manufacturing, storage, and distribution than before, that demand shows no sign of slowing, making yields of 5% – 7% at Neue Space not just achievable, but well-supported.
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Location
Neue Space is strategically positioned within the established Heidelberg West business precinct, just 25km from Melbourne’s CBD. This warehouse property provides convenient access to shopping, dining, and everyday amenities that support business operations. Moreover, connectivity is a key advantage, with seamless access to major transport routes including the Western Ring Road, Hume Freeway, and the future North East Link, enhancing connectivity across Melbourne’s inner north and growing outer suburbs.
5 mins drive to Macleod Train Station
7 mins drive to Northland Shopping Centre
12 mins drive to Preston Train Station
12 mins drive to Metropolitan Ring Rd
15 mins drive to Greensborough Plaza
20 mins drive to Eastern Freeway
27 mins drive to Melbourne Airport
Investment Statistics
5.0 – 7.0%
32.7%
Forecast population growth by 2046
$30 billion
Suburban Rail Loop
$26 billion
North East Link
$5 billion
La Trobe University of the Future redevelopment
$50 million
Bell Street Mall redevelopment
$5.5 million
Watsonia Town Square
Heidelberg West has one of the largest growth forecasts at the suburb level in the City of Banyule
Master Plan
Photos
FAQs
Commercial and industrial assets offer a highly efficient cash-flow strategy, delivering substantially higher rental yields than residential alternatives alongside multi-year leases where tenants cover all ongoing outgoings. This creates an exceptionally stable, low-overhead environment ideal for long-term equity growth and corporate portfolio diversification.
Yes, this established commercial precinct provides an ideal gateway to Melbourne’s northern suburbs, capitalising on a chronic undersupply of premium, high-span industrial spaces. Its location at 121 Northern Road guarantees immediate arterial access to the Western Ring Road, Hume Freeway, and the upcoming North East Link Interchange, ensuring sustained local tenant demand and making Neue Space the ideal location for businesses delivering goods across Melbourne.
At Neue Space, Heidelberg West, the estate features two distinct, versatile warehouse types ranging from 163m2 to 202m2:
Neue Warehouse: Each space is a versatile ‘blank canvas’ to be customised for the needs of the tenants.
Neue Tech: Flexible open-plan warehouse designed for busy e- commerce start-ups, collectors and entrepreneurs. A collaborative workspace, optimal storage space under the stairs leaves room for productivity on the main floor, which can be customised for multiple uses.
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Enquire Now
Explore the potential of this project and elevate your portfolio. Enquire now for exclusive details.
Chris Benitez
Chris Benitez
Explore the potential of this project and elevate your portfolio. Enquire now for exclusive details.
Enquire Now
Explore the potential of this project and elevate your portfolio. Enquire now for exclusive details.
Chris Benitez
Chris Benitez
Explore the potential of this project and elevate your portfolio. Enquire now for exclusive details.
DISCLAIMER
The prices, images and specifications listed in this document are intended to provide indicative information. Please be aware that these details are subject to change without prior notice. McMullan & Bird strives to maintain accurate and up-to-date information, but market conditions, material costs, and other factors may necessitate adjustments. We recommend consulting with your Business Development Manager for the most current and precise images, pricing and specification details. Your understanding and flexibility in this matter are greatly appreciated.
