4/40 Burgundy StreetHeidelberg VIC 3084
Property Details for 4/40 Burgundy St, Heidelberg
4/40 Burgundy St, Heidelberg is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 2126m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in July 2018.
Last Listing description (September 2018)
UNDER CONTRACT
Located with the vibrant Burgundy Street precinct, this property offers a superb location for an astute investor looking for an affordable commercial proposition.
- Three (3) year lease commencing January 2017
- Current rental $31,400.00 per annum plus GST. Annual reviews to 3%
- Two further options of three (3) years
- Two reserved car parks
- Ample basement parking for customers
- Excellent exposure
- Ease of access to arterial roads
- Nearby occupancies includes Snap Fitness, 7-Eleven, Warringal Shopping Centre (Coles)and in close proximity to Heidelberg Railway Station and Warringal Hospital.
Terms: 10% Deposit. Balance 30/60 Days
For further details or to arrange an inspection please contact:
Jonathan Rizzo 0404 125 846.
Paul Evans 0408 144 181
Property History for 4/40 Burgundy St, Heidelberg, VIC 3084
- 18 Jul 2018Sold for $655,000
- 06 Jun 2018Listed for Sale Price Confidential
- 21 Jun 2017Listed for Sale In-Room Auction
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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