SOLD
Sold on 05 Jun 2024 for $500,000

5/145 Upper Heidelberg Road
Ivanhoe VIC 3079

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 66m2
Land area: 565m2
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Property Details for 5/145 Upper Heidelberg Rd, Ivanhoe

Building Type
Commercial
Year Built
1980
Floor Size
66m2
Land Size
565m2
Local Government
Banyule
Lot/Plan
5/SP30601

Last Listing description (November 2023)

A unique and affordable opportunity to acquire a retail premises located in the heart of the highly acclaimed Ivanhoe Shopping Precinct.

This versatile property offers an immediate income stream with scope to potentially occupy.

Key features include;

- Building area: 34 sq. metres (approx.)
- Zoned: Commercial 1
- Currently returning $20,000 per annum plus GST and outgoings
- Overholding tenancy to a long-term occupant of the building
- Thoroughfare arcade with constant traffic heading from Upper Heidelberg Road to Ivanhoe Plaza or vice versa
- Well-serviced by public parking directly behind the arcade
- Short distance to Ivanhoe Train Station (300 metres)
- An affordable investment for your commercial portfolio in a tightly held location

Terms: 10% Deposit Balance 30/60 Days

For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181

Property History for 5/145 Upper Heidelberg Rd, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$500,000
05 Jun 2024
  • 05 Jun 2024
    Sold for $500,000
  • 26 Oct 2023
    Listed for Sale Contact Agent
  • 18 May 2006
    Sold for $308,000
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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 7,947 properties. Over the last 5 years, Houses in Ivanhoe have seen a 22.46% increase in median value, while Units have seen a 12.41% increase. As at 30 September 2024:

  • The median value for Houses in Ivanhoe is $1,797,661 while the median value for Units is $785,391.
  • Houses have a median rent of $705 while Units have a median rent of $530.
There are currently 19 properties listed for sale, and 7 properties listed for rent in Ivanhoe on OnTheHouse. According to CoreLogic's data, 287 properties were sold in the past 12 months in Ivanhoe.

Suburb Insights for Ivanhoe 3079

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.