SOLD
Sold on 11 Feb 2024 for $1,320,000

1075 Heidelberg Road
Ivanhoe VIC 3079

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 267m2
Land area: 326m2
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Property Details for 1075 Heidelberg Rd, Ivanhoe

Building Type
Commercial
Floor Size
267m2
Land Size
326m2
Local Government
Banyule
Lot/Plan
1/LP8803

Last Listing description (November 2023)

Situated at the gateway to Ivanhoe Commercial Precinct, is this very prominent retail site encompassing a 50-metre frontage to Heidelberg Road.

With a long-term established business and the property securely leased until May 2028, it provides an ideal investment opportunity with future upside.

The property provides exciting long-term potential with a mixed-use zoning offering a variety of development options (STCA).

Minutes to Darebin Train Station, Ivanhoe Grammar School and the Ivanhoe Commercial Precinct incorporating cafes, restaurants, Woolworths, Coles and a multitude of national retail brands.

- Land area: 326 sq. metres (approx.)
- Zoned Mixed Use
- Five-year lease commencing May 2023
- Currently returning $75,000 per annum plus GST
- Tenant pays all usual outgoings (excluding Land Tax)
- Enormous potential
- 10km from the CBD

Terms: 10% Deposit Balance 60/90 Days

For further details or to inspect contact:
Mark Dixon 0423 395 699
Paul Evans 0408 144 181

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Property History for 1075 Heidelberg Rd, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$1,320,000
11 Feb 2024
Listed for Rent
$1.53k/w
21 May 2014
  • 11 Feb 2024
    Sold for $1,320,000
  • 06 Feb 2024
    Transferred
  • 22 Sep 2023
    Listed for Sale Contact Agent
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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 2011 was 11,085 people. By 2016 the population was 12,192 showing a population growth of 10.0% 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 2011, 66.7% of the homes in Ivanhoe were owner-occupied compared with 66.7% in 2016.

Ivanhoe has 8,048 properties. Over the last 5 years, Houses in Ivanhoe have seen a 16.08% increase in median value, while Units have seen a 12.16% increase. As at 30 November 2024:

  • The median value for Houses in Ivanhoe is $1,804,979 while the median value for Units is $788,256.
  • Houses have a median rent of $720 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 10 properties listed for rent in Ivanhoe on OnTheHouse. According to CoreLogic's data, 302 properties were sold in the past 12 months in Ivanhoe.

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