240 Lower Heidelberg RoadIvanhoe East VIC 3079
Property Details for 240 Lower Heidelberg Rd, Ivanhoe East
Last Listing description (April 2021)
(Two Separate Income Streams)
SOLD By Miles Real Estate. This modern two level Commercial building, built in 2005, offers two securely leased tenancies in the heart of the East Ivanhoe retail precinct.
The property incorporates very well established businesses, providing the perfect passive investment for your commercial portfolio.
- Total Income: $84,470.00 pa, plus GST
- Land Area: 220 sqm (approx)
- 240 Lower Heidelberg Rd - Leased to Barr'd on a current 3 year lease comm. April 2020, plus option
- 240A Lower Heidelberg Rd - Leased to Peyton Waite Surveyors on a current 3 year lease comm. April 2020, plus option
- Tenants pay all usual outgoings
- Surrounded by a quality tenancy mix including Foodworks, Brumbys, Bendigo Bank, Newsagency and a variety of cafes and restaurants
- Minutes to Eastern Freeway and 8kms from Melbourne's CBD
For further details or to arrange an inspection, contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181
Miles Real Estate.
Property History for 240 Lower Heidelberg Rd, Ivanhoe East, VIC 3079
- 22 Jan 2021Listed for Sale Price Confidential
- 02 Feb 2017Listed for Rent - Price not available
Recent sales nearby
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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 2,027 properties. Over the last 5 years, Houses in Ivanhoe East have seen a 26.37% increase in median value, while Units have seen a 10.29% increase. As at 31 January 2026:
- The median value for Houses in Ivanhoe East is $2,558,270 while the median value for Units is $808,735.
- Houses have a median rent of $795 while Units have a median rent of $575.
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