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Miles Real Estate - Ivanhoe & Rosanna

6/40 Burgundy Street Heidelberg, VIC 3084

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6/40 Burgundy Street,
Heidelberg, VIC 3084

Shops & Retail

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Superb Retail Investment!

SOLD By Miles Real Estate.
Situated in the well-established Burgundy Street retail precinct is this opportunity to invest in a high-quality modern flagship building with limited overheads.
- Building area: 95 sqm (approx.)
- Three (3) year lease from 15/1/2022 - no further term
- Current rental $30,900 pa, plus GST with annual review to 3% with tenant paying all outgoings (except land tax)
- Two (2) on-site car parks on title
- Ample parking in basement for customers
- Zoned Commercial 1
- Located in close proximity to Warringal Shopping Centre (Coles, Bakers Delight, Aldi), along with Leo's Supermarket and a vibrant assortment of retail businesses and Warringal Parklands
- Excellent investment for a long-term investor underpinned by the limited vacancies in the retail strip
- Short walk to Heidelberg Train Station, Mercy, Austin and Warringal Private Hospitals as well as the Heidelberg law precinct close by

Terms: 10% Deposit, Balance 60/90 Days

For further details or to inspect contact:
Mark Dixon 0423 395 6...
Paul Evans 0408 144 1...

Property ID: 504392888Last Updated: 5 Jul 2024

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Miles Real Estate - Ivanhoe & Rosanna

143 Upper Heidelberg Road
IVANHOE, VIC 3079
Miles Real Estate - Ivanhoe & Rosanna
6/40 Burgundy Street
Heidelberg, VIC 3084

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