173 Burgundy Street, Heidelberg
SOLD by Miles Real Estate.
PRIME RETAIL INVESTMENT WITH UPSIDE
Prime retail with exciting future development potential (subject to council approval).
New five (5) year lease commencing December 2015, returning $42,500 per annum plus GST and outgoings with annual reviews to 3% (no further option terms.)
Total building area of 95 sq.metres (approx.), situated on a 180 sq.metre (approx.) allotment of land and featuring ROW access with on-site parking.
Located in close proximity to Heidelberg Railway Station and Austin & Mercy Hospitals, the property is set amongst a strong tenancy mix including banks, supermarkets, pharmacies and cafes.
Zoned Commercial 1.
Terms: 10% Deposit, Balance 30/60/90 Days.
Neighbourhood
Heidelberg
From hilltop views of the mountains to tranquil riverside living and an array of options in-between, Heidelberg is a diverse suburb of rich historical and contemporary appeal.
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