An interstate investor has swooped on a suburban Melbourne office investment that attracted strong interest from across the country.

Fitzroys’ Shane Mills and David Bourke sold 8A/486-490 Lower Heidelberg Road, Heidelberg for $2.25 million on behalf of a private investor.

Recently refurbished, the 428sqm fully self-contained office suite is laid out in a combination of open-plan areas and partitioned offices plus kitchen, bathroom and end-of-trip facilities. It occupies a corner tenancy within a fully-leased office complex, with views overlooking leafy Heidelberg Park.

There are 18 car parks on title.

“Multiple offers were received during the campaign, leading to a strong sales result that showed the continued appetite from investors around the country for Melbourne commercial properties with secure leases to strong tenants,” Mills said.

The property was offered with a renewed 3-year lease to longstanding global healthcare technology tenant of over 20 years Kestral, part of Jonas Software - a group owned by Canadian public company Constellation Software Inc. (TSX: CSU).

Bourke said the property’s location was also a key factor in the enquiry.

“The Victorian Government’s newly established Heidelberg Activity Centre will see medium-and high-density development encouraged in the immediate surrounds, boosting trade and activity as well as demand for workplaces, underpinning the asset’s investment credentials,” he said.