173 Burgundy StreetHeidelberg VIC 3084
Property Details for 173 Burgundy St, Heidelberg
Last Listing description (July 2016)
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.)
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.
Property History for 173 Burgundy St, Heidelberg, VIC 3084
- 29 Apr 2016Sold for $1,325,000
- 30 Mar 2016Listed for Sale Price On Application
- 04 Nov 2010Listed for Rent - Price not available
Recent sales nearby
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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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