SOLD
Sold on 25 May 2024 for $1,275,000

6/50 Upper Heidelberg Road
Ivanhoe VIC 3079

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 350m2
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Property Details for 6/50 Upper Heidelberg Rd, Ivanhoe

Building Type
Commercial
Year Built
2000
Floor Size
350m2
Local Government
Banyule
Lot/Plan
6/PS421994

Last Listing description (September 2023)

Located upon entry to the Ivanhoe shopping strip is this impressive set-and-forget corporate office investment suitable for a savvy investor looking for a premium property in a prime location.
Key details include:
- Building area: 180 sqm (approx.)

- Fully-fitted offices including reception, multiple private offices, boardroom and extensive open-plan work areas, plus lunch/meals area for staff and excellent natural light
- Three (3) year lease from January 2022, plus one further option of three (3) years
- Current net income of $78,200 per annum, plus GST
- Six basement car spaces, plus storage cage with entry via rear right-of-way
- Multiple high-end commercial/corporate occupancies in the building
- Common area lift access to secure basement/car park
- Located 800m to Ivanhoe Train Station (north) and only 500m to Darebin Train Station (south), plus various bus routes
- 10 kilometres north of Melbourne's CBD
Terms: 10% Deposit, Balance 60/90 Days

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

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Property History for 6/50 Upper Heidelberg Rd, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$1,275,000
25 May 2024
Listed for Rent
$1.15k/w
13 Oct 2021
  • 25 May 2024
    Sold for $1,275,000
  • 22 Mar 2023
    Listed for Sale Contact Agent
  • 14 Sep 2022
    Sold for $1,250,000
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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 7,960 properties. Over the last 5 years, Houses in Ivanhoe have seen a 26.23% increase in median value, while Units have seen a 15.76% increase. As at 31 August 2024:

  • The median value for Houses in Ivanhoe is $1,763,477 while the median value for Units is $766,575.
  • Houses have a median rent of $695 while Units have a median rent of $543.
There are currently 20 properties listed for sale, and 6 properties listed for rent in Ivanhoe on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Ivanhoe.

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