Retail 1 & 2, 37 Burgundy Street, Heidelberg West, VIC 3081

Retail | Offices

For Sale Contact Agent

  • Property ID: 390634
  • Floor Area: 196m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
COMMONWEATH GOVERNMENT TENANT


POINT OF INTEREST:
Size up your investment portfolio with the acquisition of this quality retail/commercial space, situated on the ground floor of the impressive Villa & Forge development. Leased to the Commonwealth of Australia on behalf of Kate Thwaites Federal Member of Parliament, the property is surrounded by complimentary local amenities which include Warringal Shopping Centre, Coles, Leo's Supermarket and Aldi. Close proximity to the well known medical precinct including Austin Hospital, Mercy Hospital for Women, Warringal Private Hospital and Olivia Newton- John Cancer Wellness & Research Centre.

- Total floor area: 196 sqm* (182 sqm* NLA)
- Tenanted to Commonwealth of Australia
- Lease term: 3 + 3 + 3 years
- Current Rental: $106,012.00 p.a. Gross
- 2 secure car spaces allocated to this lease
- 4 spare car spaces offering potential to increase return by an additional $7,200 pa
- Generous depreciation allowances

POINT OF VIEW:
An acquisition that can only drive your investment forward.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Upon settlement
  • Lease Term: Three (3) Years plus two further terms of three (3) years
  • Rent Review: Annual CPI increases
  • Car Spaces: Retail 2: 6 spaces
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Concrete
  • Age: Brand New
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: Retail 2 $1,008.64
  • Land Tax: $735.00 (single holding)
  • Council Rates: Retail 2 $4,755.82
  • Owners Corp. / Insurance: Retail 2 $8,012.41
Heidelberg West Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $10459 --- ---
Retail $10459 --- ---
Industrial --- $88 ---
This is the average advertised price, rent and yield for Heidelberg West, VIC 3081*

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

Days on Market data for Retail 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™.
  • 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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