6/40 Burgundy StreetHeidelberg VIC 3084
Property Details for 6/40 Burgundy St, Heidelberg
Last Listing description (September 2023)
Situated in the well-established Burgundy Street retail precinct is this opportunity to invest in a high-quality modern flagship building with limited overheads.
- Building area: 95 sqm (approx.)
- Three (3) year lease from 15/1/2022 - no further term
- Two (2) on-site car parks on title
- Ample parking in basement for customers
- Zoned Commercial 1
- Located in close proximity to Warringal Shopping Centre (Coles, Bakers Delight, Aldi), along with Leo's Supermarket and a vibrant assortment of retail businesses and Warringal Parklands
- Excellent investment for a long-term investor underpinned by the limited vacancies in the retail strip
- Short walk to Heidelberg Train Station, Mercy, Austin and Warringal Private Hospitals as well as the Heidelberg law precinct close by
Terms: 10% Deposit, Balance 60/90 Days
For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181
Property History for 6/40 Burgundy St, Heidelberg, VIC 3084
- 04 Jun 2024Sold for $550,000
- 11 Aug 2023Listed for Sale $580,000-$630,000
- 27 Sep 2018Listed for Sale $675,000
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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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