Suite 116, 40 Burgundy Street, Heidelberg, VIC 3084

Investment | Offices

Sold $1,100,000

  • Property ID: 314219
  • Floor Area: 220m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 220m2 N/A N/A
Heidelberg Office Investment with 5.75% Return

CVA Property Consultants are pleased to offer this solid investment for Private Sale located at Suite 116, 40 Burgundy Street, Heidelberg.

Situated on the first floor of a modern multi-use building, the 220m2* suite is currently leased to The Uniting Church in Australia for an annual rent of $63,087.24 per annum* net which commenced in 1st February 2017 for three (3) years & three (3) months with three further terms of three (3) years.

This light filled corner office features seven glass partitioned offices attracting good natural light, boardroom, kitchenette and lunchroom, server and storage room, air conditioning, ample data and power points, sensored alarm, plus six secure basement car parks and lift access.

This attractive investment is conveniently located 750m* from Heidelberg Station and 3kms* from the Eastern Freeway and is situated next door to Warringal Shopping Centre which is anchored by Coles and Aldi.

For further information please contact CVA Property Consultants.

*approx

Additional Information
Features
  • Zoning: Commercial 1
  • Lease Term: 3 + 3 + 3 + 3 years
  • Rent Review: CPI annually.
  • Car Spaces: 6 on-site
Heidelberg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $77 ---
Retail --- $77 ---
Offices $12222 $732 5.99%
This is the average advertised price, rent and yield for Heidelberg, VIC 3084*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of Suite 116, 40 Burgundy Street, Heidelberg, VIC 3084. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of Suite 116, 40 Burgundy Street, Heidelberg, VIC 3084. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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