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Two retail properties on one title. Invest now, develop in the future^

GrayJohnson is pleased to bring to Auction, 138 Burgundy Street, Heidelberg, on Thursday 11th December at 12pm. This exceptional commercial property offers two income streams from the current tenants, a cafe/restaurant and a menswear store.

The popular café is well equipped for hospitality use, including a fully fitted commercial kitchen and extensive outdoor seating. The second premises currently operates as a men’s tailor/suit shop, with a fully glazed frontage to Burgundy Street and an expansive showroom. The property also includes a detached structure at the rear, offering an additional 28 sqm* of dedicated workspace, storage, or office accommodation.

The property benefits from rear laneway access, which provides direct entry to the back of both premises. This rear area also features two designated car parking spaces for each tenancy.

The Opportunity:

• Tenancy 1 – Building area: 172 sqm*

• Tenancy 2 – Building area: 72 sqm*

• Combined income of $181,264 pa

• Total land area: 514 sqm*

• 12.8 metre* frontage

• Rear laneway access plus side walkway

• Rear off-street parking

• Zoned Commercial 1

• Prime future development^

Perfectly positioned in the heart of Burgundy Street between Hawdon and Cape Streets, this high-exposure property sits directly opposite Leo’s Supermarket and is surrounded by strong national retailers including Coles and ALDI. Heidelberg Train Station is just a short stroll away and Burgundy Street is serviced by multiple bus lines.

*approx.

^STPA