238 Lower Heidelberg RoadIvanhoe East VIC 3079
Property Details for 238 Lower Heidelberg Rd, Ivanhoe East
Last Listing description (April 2022)
SOLD By Miles Real Estate.
This perfectly situated shop and dwelling in the heart of the Ivanhoe East retail precinct offers flexibility with two separate income streams, together with scope to add value in the medium term (STCA).
- Total income of $63,000 pa (approx.) for the two tenancies
- Ground floor leased to Brumby's for the past 25 years. Five year option due for renewal in November 2022
- First floor residential tenancy in excellent condition. Leased until September 2022
- Total Building Area: 175 sqm (approx)
- Land Area: 220 sqm (approx.)
- Zoning: Commercial 1
- Additional access and large public car park at the rear of site
- Quality and well supported tenancy mix including Bendigo Bank, Foodworks, various cafes and restaurants, pharmacy, newsagency and fashion stores
- Terms: 10% Deposit, Balance 60/90 days
For a detailed Information Memorandum or to arrange an inspection contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181
Property History for 238 Lower Heidelberg Rd, Ivanhoe East, VIC 3079
- 08 Apr 2022Sold for $1,575,000
- 01 Feb 2022Listed for Sale Price Confidential
- 06 Nov 2010Listed for Sale ASKING $400000. VENDOR IS KEEN TO NEGOTIATE PLUS SAVING
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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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