187 Upper Heidelberg RoadIvanhoe VIC 3079
Property Details for 187 Upper Heidelberg Rd, Ivanhoe
Last Listing description (April 2022)
ESTABLISHED TENANT, PROPERTY, AND FUTURE
POINT OF INTEREST:
This is a hybrid property and unique offer that has something for every type of buyer, but not every buyer will get the chance to seize it. This versatile site in the heart of the tightly held Upper Heidelberg Road retail strip offers a ground floor restaurant with complete kitchen, accompanying amenities and clear street signage. The first floor includes a separate street entry, lounge space, two bedrooms, another kitchen and amenities which could lend itself to a potential office space. Weve saved the best for last, as the current tenant has been thriving in this spot for the past four years and has happily signed on for another five-year lease, rolling over in April. What more could a property offer?
- 208 sqm* building area.
- Commercial 1 zoning.
- 2 car spaces on site.
- Split system air conditioning.
- Tenanted by Tann for four years.
- New five-year lease commencing 1 April 2022.
- Rental $60,000 plus Outgoings.
- 8.85 km* from Melbourne CBD.
POINT OF VIEW:
Youve heard the term set-and-forget, well this is set-and-forget-and-earn. If your portfolio could benefit from a minimum-fuss, maximum-gain asset, or youre looking to store some cash before eventually taking your business to the streets, this is it. And it wont wait.
*Approx.
Pricing excludes GST
Property History for 187 Upper Heidelberg Rd, Ivanhoe, VIC 3079
- 13 Apr 2022Sold - Price Undisclosed
- 08 Mar 2022Listed for Sale Contact Agent
- 18 Jul 2012Listed for Rent $290 per week
Recent sales nearby
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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 8,364 properties. Over the last 5 years, Houses in Ivanhoe have seen a 4.77% increase in median value, while Units have seen a 6.59% increase. As at 30 April 2026:
- The median value for Houses in Ivanhoe is $1,870,999 while the median value for Units is $770,129.
- Houses have a median rent of $795 while Units have a median rent of $600.
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