111-113 Upper Heidelberg Road, Ivanhoe, VIC 3079 | Property Value & History | OnTheHouse
 
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111-113 Upper Heidelberg Road
Ivanhoe VIC 3079

Bedrooms: 1
Bathrooms: -
Car spaces: -
Land area: 420m2
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Property Details for 111-113 Upper Heidelberg Rd, Ivanhoe

Building Type
Commercial
Land Size
420m2
Local Government
Banyule
Lot/Plan
1/TP677309

Last Listing description (August 2023)

Gross Waddell ICR is pleased to be offering 111-113 Upper Heidelberg Road to the market for sale. Offered for the first time in over 20 years, this premium investment is securely leased to a highly rated Mediterranean restaurant. Favourably zoned Commercial 1 (C1Z), the property is situated within the heart of a tightly held bustling retail precinct and offers underlying land value, lending itself to a variety of future development outcomes in the medium to long term (STCA).

Securely leased to multi-award winning operator restaurant,which has been operating for more than 16 years

Significant income profile with a net income of $103,000* p.a. as of 1 Dec 2023

Renewed 5-year term with 3 further terms of 5 years

Strong annual rental increases (6.79%* in Dec 2024; 5.45%* in Dec 2025)

High underlying land value with an expansive landholding of 419 sqm* and benefiting from rear access

Situated in the heart of a bustling retail precinct and alongside national retailers including Chemist Warehouse, Subway, Commonwealth Bank, Woolworths and Ivanhoe Plaza

Metres to Ivanhoe train station and surrounded by a plethora of public car parking spaces

Ivanhoe is a high demand suburb and boasts a soaring median house price of $1,750,000 (source REIV)

For sale via Public on-site Auction on Wednesday 23rd August at 2pm.

For further details or to arrange an inspection, please contact the exclusive marketing agents at Gross Waddell ICR.

*approx.

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Property History for 111-113 Upper Heidelberg Rd, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$2,616,000
23 Aug 2023
  • 23 Aug 2023
    Sold for $2,616,000
  • 21 Jul 2023
    Listed for Sale Contact Agent
  • 19 Oct 2001
    Sold for $745,000
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About Ivanhoe 3079

The size of Ivanhoe is approximately 5.5 square kilometres. It has 18 parks covering nearly 21.1% of total area. The population of Ivanhoe in 2016 was 12171 people. By 2021 the population was 13374 showing a population growth of 9.9% in the area during that time. The predominant age group in Ivanhoe is 30-39 years. Households in Ivanhoe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe work in a professional occupation.In 2021, 65.10% of the homes in Ivanhoe were owner-occupied compared with 66.70% in 2016.

Ivanhoe has 8,357 properties. Over the last 5 years, Houses in Ivanhoe have seen a 29.14% increase in median value, while Units have seen a 7.36% increase. As at 30 November 2025:

  • The median value for Houses in Ivanhoe is $2,097,484 while the median value for Units is $761,664.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 15 properties listed for sale, and 9 properties listed for rent in Ivanhoe on OnTheHouse. According to Cotality's data, 362 properties were sold in the past 12 months in Ivanhoe.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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