215 Upper Heidelberg Road, Ivanhoe, VIC 3079 | Property Value & History | OnTheHouse
 
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215 Upper Heidelberg Road
Ivanhoe VIC 3079

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 149m2
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Property Details for 215 Upper Heidelberg Rd, Ivanhoe

Building Type
Commercial
Land Size
149m2
Local Government
Banyule
Lot/Plan
1/TP399708

Last Listing description (June 2019)

Ray White Commercial Oakleigh is delighted to offer for sale via Public Auction on Thursday 16th May 2019, these two outstanding retail investments located in Ivanhoe's most highly-sought after retail and dining precinct.

These unique freehold investments are to be offered individually, giving the purchaser the flexibility to buy one or buy both with future development potential (STCA).


The Upper Heidelberg Road retail strip is arguably one of the most tightly-held throughout Metropolitan Melbourne, with vacancy rates continuing to be extremely low year upon year.

This is underpinned by an abundance of nationally recognised retailers such as Woolworths & Coles as well as an abundance of complimenting businesses. Its location, being approximately 10 km's from the Melbourne CBD and easily accessible by the Eastern Freeway (M3) adds to the viability of this investment.

213 Upper Heidelberg Road, Ivanhoe:

Total Building Area | 137m2 approx.
Total Land Area | 184m2 approx.
Current Rental | $47,000 p/a + GST + Outgoings
New Five (5) year lease - Commenced March 2018
Long standing tenant - Operating for over 23 years


215 Upper Heidelberg Road, Ivanhoe:

Total Building Area | 164m2 approx.
Total Land Area | 153m2 approx.
Current Rental | $59,480 p/a + GST + Outgoings
3 + 3 year lease Commenced May 2017
Operating as Soul Bytes cafe


Combined annual rental | $106,480 p/a + GST + Outgoings
Combined building area | 301m2 approx.
Combined land area | 337m2 approx.
Future Development Potential (STCA)
Rear Access with council parking at rear
Commercial 1 Zone (C1Z)

The property will be open for inspection on the following dates and times:

Friday 10th May | 2:00pm - 2:30pm

For further information please contact one of the exclusive marketing agents:

Ryan Amler | 0401 971 622
Theo Karkanis | 0431 391 035
Joshua Colosimo | 0413 790 309

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Property History for 215 Upper Heidelberg Rd, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$1,445,000
16 May 2019
  • 16 May 2019
    Sold for $1,445,000
  • 04 Apr 2019
    Listed for Sale Not Disclosed
  • 27 Jun 2008
    Listed for Sale 59000
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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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