67 Wilfred RoadIvanhoe East VIC 3079
Property Details for 67 Wilfred Rd, Ivanhoe East
Last Listing description (September 2023)
Burgess Rawson is pleased to offer to the market Dr George Panagiotopoulos located at 67 Wilfred Road, Ivanhoe East VIC for sale via our Investment Portfolio Auction 163.
This opportunity has the following key investment highlights:
+Renewed 7 year lease to 2028, plus further options through to 2049
+Rare 4% fixed annual rent increases, ensuring future rental growth.
+Landlord friendly net lease terms with the tenant responsible for all usual outgoings.
+Strategic 585sqm* freehold corner site with ROW access and providing future development potential STCA
+Located directly opposite Ivanhoe East Primary School and adjoining Foodworks.
+Single tenanted investment requiring minimal management.
+Easily accessible via Lower Heidelberg Road, servicing on average 23,000 vehicles on average daily.**
+Surrounded by other medical providers including Ivanhoe East Veterinary Hospital, pharmacy & eyecare within 140*metres.
+Ivanhoe East: affluent Melbourne suburb with a median house price of $1,980,000 and only 13km from the Melbourne CBD***
+Net Income: $87,400* pa + GST
For Sale by Investment Portfolio Auction 163
10:30am AEST Wednesday 13 September 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
**gap maps
***realestate.com
Property History for 67 Wilfred Rd, Ivanhoe East, VIC 3079
- 13 Sep 2023Sold for $1,540,000
- 16 Aug 2023Listed for Sale Price on Request
- 04 Aug 2006Sold for $650,000
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0About Ivanhoe East 3079
The size of Ivanhoe East is approximately 2.1 square kilometres. It has 4 parks covering nearly 27.1% of total area. The population of Ivanhoe East in 2011 was 3,761 people. By 2016 the population was 3,812 showing a population growth of 1.4% in the area during that time. The predominant age group in Ivanhoe East is 50-59 years. Households in Ivanhoe East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe East work in a professional occupation. In 2011, 76.7% of the homes in Ivanhoe East were owner-occupied compared with 78.2% in 2016.
Ivanhoe East has 1,992 properties. Over the last 5 years, Houses in Ivanhoe East have seen a 41.79% increase in median value, while Units have seen a 15.52% increase. As at 31 July 2024:
- The median value for Houses in Ivanhoe East is $2,455,916 while the median value for Units is $815,752.
- Houses have a median rent of $750 while Units have a median rent of $508.
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