5/145 Upper Heidelberg RoadIvanhoe VIC 3079
Property Details for 5/145 Upper Heidelberg Rd, Ivanhoe
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
- 05 Jun 2024Sold for $500,000
- 26 Oct 2023Listed for Sale Contact Agent
- 18 May 2006Sold 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 7,996 properties. Over the last 5 years, Houses in Ivanhoe have seen a 19.44% increase in median value, while Units have seen a 22.56% increase. As at 31 October 2024:
- The median value for Houses in Ivanhoe is $1,778,351 while the median value for Units is $790,951.
- Houses have a median rent of $720 while Units have a median rent of $543.
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