Heidelberg Office Investment with 5.75% Return

Sale Details

Sold on 16 Dec 2019 for $1,075,000

Description

CVA Property Consultants are pleased to offer this solid investment for Private Sale located at Suite 116, 40 Burgundy Street, Heidelberg.

Situated on the first floor of a modern multi-use building, the 220m2* suite is currently leased to The Uniting Church in Australia for an annual rent of $63,087.24 per annum* net which commenced in 1st February 2017 for three (3) years & three (3) months with three further terms of three (3) years.

This light filled corner office features seven glass partitioned offices attracting good natural light, boardroom, kitchenette and lunchroom, server and storage room, air conditioning, ample data and power points, sensored alarm, plus six secure basement car parks and lift access.

This attractive investment is conveniently located 750m* from Heidelberg Station and 3kms* from the Eastern Freeway and is situated next door to Warringal Shopping Centre which is anchored by Coles and Aldi.

For further information please contact CVA Property Consultants.

*approx