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
6A/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

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 7,996 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.
There are currently 13 properties listed for sale, and 8 properties listed for rent in Ivanhoe on OnTheHouse. According to CoreLogic's data, 296 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.