Located
within the prime retail hot-spot of Burgundy Street, Heidelberg, this newly
built freehold is a fantastic investment offering from the Savills team of Nick
Peden and Jesse Radisich.
This notable
freehold building, positioned in the heart of Burgundy Street is entirely
leased to Chemist Warehouse - one of Australia's leading retail groups.
With
approved plans and permit to add 16 premium apartments above the existing
retail (over 7 levels), the foundations and structure to support this
additional development opportunity have been complete. This represents a
substantial cost saving and importantly the tenant has approved construction
while they trade.
Savills Director, Nick Peden said "Prime properties located in extremely popular, vibrant retail and commercial destinations are in extremely short supply. Add to this a secure blue chip tenant together with an approved plan and permit to further maximise investment and you have the blue-chip asset you have been waiting for". .
Other key
attributes of this outstanding investment property include:
- Highly
valuable landholding of approx. 429sq m
- Newly
built building with rear access
- Car
parking for 10 vehicles on rooftop
- Current Net Rental: $243,101 PA approx. with fixed 5% annual Increases
- A rare opportunity
to acquire a blue-chip freehold with upside
156 Burgundy Street, Heidelberg is For Sale by Expressions of Interest closing Tuesday 8th
November at 2pm.
For further
information, please contact:
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Or Click Here