236 Lower Heidelberg RoadIvanhoe East VIC 3079
Property Details for 236 Lower Heidelberg Rd, Ivanhoe East
Last Listing description (July 2022)
SOLD By Miles Real Estate.
Perfectly positioned in the prime location within the very popular East Ivanhoe Village, is this two-level commercial building enjoying a solid return from dual income streams, ideal for an investor seeking security with scope to add value in the long term.
- Total Income: $75,000 per annum plus GST
- First floor leased to commercial business on a year-to-year arrangement
- Rear Right of Way and public car park
- Building Area: 175 sq. metres (approx.)
- Total Land Area: 220 sq. metres (approx.)
- Zoned: Commercial 1
- Thriving neighbouring businesses including FoodWorks, Bendigo Bank, various cafes and restaurants and long-established fashion boutiques
- Minutes to Burke Road and Eastern Freeway
- 9 kilometres from Melbourne's CBD
- A perfect "set and forget" Commercial Investment
Terms: 10% Deposit Balance 60/90 Days
For further details or to inspect, contact:
Paul Evans 0408 144 181
Jonathan Rizzo 0404 125 846
Property History for 236 Lower Heidelberg Rd, Ivanhoe East, VIC 3079
- 04 Jul 2022Sold for $1,699,999
- 04 Jul 2022Sold for $1,699,999
- 06 May 2022Listed for Sale Price Confidential
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About Ivanhoe East 3079
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:
- The median value for Houses in Ivanhoe East is $2,577,118 while the median value for Units is $1,031,771.
- Houses have a median rent of $795 while Units have a median rent of $580.
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