GormanKelly is pleased to offer 216-218 Lower Heidelberg Road for LEASE.
The two level high exposure standalone office building located within the heart of busy Ivanhoe East, providing two levels which can be taken as a whole or split into 125 sqm of Ground or First floor office space.
The floor space is easily divisible and offers a range of partitioned offices, open plan space, meeting rooms and a reception area. The building has previously been used for a medical research laboratory/pathology with three phase power and lab area on the lower level with full exhaust extraction system and would be suitable for this use, or a conventional office/retail use. Features include heating and cooling, alarm system, bathrooms across both floors, plenty of natural light and 4 onsite carparks.
The property is located centrally of Ivanhoe East and adjoins the Foodworks Supermarket and carpark and is surrounded by a number of boutique retailers, cafes and restaurants. Lower Heidelberg Road provides prompt access to the Eastern Freeway via Burke Road and also the CBD and regular bus services operate directly out the front of the property. Ivanhoe railway station is also located within close proximity to the property.
The size of Ivanhoe East is approximately 2.1 square kilometres. It has 4 parks covering nearly 27.1% of total area. The population of Ivanhoe East in 2016 was 3815 people. By 2021 the population was 3762 showing a population decline of 1.4% in the area during that time. The predominant age group in Ivanhoe East is 50-59 years. Households in Ivanhoe East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe East work in a professional occupation.In 2021, 78.50% of the homes in Ivanhoe East were owner-occupied compared with 78.20% in 2016.
Ivanhoe East has 2,025 properties. Over the last 5 years, Houses in Ivanhoe East have seen a 29.85% increase in median value, while Units have seen a 42.35% increase. As at 31 December 2025:
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