160 Burgundy StreetHeidelberg VIC 3084
Property Details for 160 Burgundy St, Heidelberg
Last Listing description (May 2008)
BLUE CHIP RETAIL INVESTMENT - NEW 5 YEAR LEASE
This is a unique opportunity to acquire prime retail premises with a well established business operating since 1978 in thriving Burgundy Street. The premises of 55 sq.m (approx) is situated within close proximity to Austin & Mercy Hospitals and Heidelberg Railway Station. This retail precinct has amongst its excellent tenancy mix, 4 major supermarkets, JB Hi-Fi, Flight Centre and Priceline. The tenant has a new five (5) years lease and is currently paying $30,000 per annum, plus GST, plus all outgoings.
Property History for 160 Burgundy St, Heidelberg, VIC 3084
- 06 Jun 2008Sold for $652,000
- 09 May 2008Listed for Sale Not Disclosed
- 14 Nov 1984Sold for $260,000
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About Heidelberg 3084
The size of Heidelberg is approximately 2.9 square kilometres. There are 13 parks, covering nearly 20.0% of the total area. The population of Heidelberg in 2016 was 6225 people. By 2021 the population was 7360 showing a population growth of 18.2% in the area during that time. The predominant age group in Heidelberg is 30-39 years. Households in Heidelberg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg work in a professional occupation.In 2021, 55.50% of the homes in Heidelberg were owner-occupied compared with 57.20% in 2016.
Heidelberg has 4,429 properties. Over the last 5 years, Houses in Heidelberg have seen a -2.56% decrease in median value, while Units have seen a -5.34% decrease. As at 31 July 2026:
- The median value for Houses in Heidelberg is $1,470,133 while the median value for Units is $641,173.
- Houses have a median rent of $690 while Units have a median rent of $575.
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