164-166 Burgundy Street, Heidelberg

Prime Burgundy Street Corner - Invest, Develop & Capitalise!

Expressions of Interest closing Friday 4th December at 4pm

An outstanding opportunity to secure a prominent corner holding in the heart of Heidelberg's tightly held commercial precinct.

Positioned along busy Burgundy Street and immediately adjacent to Heidelberg's major medical and hospital precinct, the property occupies an impressive 722 sqm approximately of Commercial 1 Zoned land, benefiting from exceptional surrounding amenity, strong passing traffic and a highly sought-after inner north-east location.

The property comprises three retail shops, currently generating a combined income of approximately $223,000 per annum plus outgoings, providing purchasers with an attractive income stream while considering the property's longer-term potential.
The substantial 722 sqm* corner landholding presents an exciting opportunity for future redevelopment and intensification (STCA), with the existing income providing an ideal holding strategy for developers and investors alike. The area has experienced significant investment and transformation in recent years, with multiple large-scale developments completed throughout Heidelberg, further highlighting the strength and ongoing evolution of the precinct.

The location is a major highlight, situated within close proximity to Austin Hospital, Mercy Hospital for Women, Warringal Private Hospital and Heidelberg Train Station, together with major national retailers including Coles, Woolworths, ALDI, Chemist Warehouse and Bakers Delight.

Key Features

- Prime 722 sqm (approx.) corner landholding
- Commercial 1 Zone
- Prominent Burgundy Street position
- Three established retail shops
- Combined income of approximately $223,000 p.a. + outgoings
- Outstanding investment with significant future development potential (STCA)
- Located within an area that has seen multiple large-scale developments completed
- Strategic position adjoining Heidelberg's major hospital and medical precinct
- Close proximity to Heidelberg Train Station

Terms of sale: 10% deposit, balance in 30/60/90 days