175 Burgundy Street, Heidelberg

Blue Chip Investment - National Tenant

Forthcoming Auction...

This prime Heidelberg retail site offers a secure long term income with potential to add value at a later stage;

- Leased to Nando's Australia Pty Ltd since 2012
- New 5-year lease plus options commencing April 2017
- Current Rental - $60,750.00 per annum plus GST and outgoings
- Annual reviews to 3.5%
- Total land area: 278 sq. metres (approx.)
- On-site parking and rear right of way
- Zoned: Commercial 1
- Close proximity to Austin and Mercy Hospitals, Heidelberg Railway Station and situated within the thriving Burgundy Street retail precinct
- Enormous long term potential to further develop (STCA)

Terms: 10% Deposit. Balance 30/60/90 Days.

For further details or to arrange an inspection contact:
Paul Evans 0408 144 181
Tim Mitchell 0417 339 986

Miles Real Estate.