6/40 Burgundy Street, Heidelberg

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 395 699
Paul Evans 0408 144 181