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Blue Chip Ivanhoe Retail Investment Right in the Heart of Ivanhoe’s Core Retail Precinct.

Writer's picture: Holmes Properties And REITHolmes Properties And REIT

111-113 Upper Heidelberg Road,

Ivanhoe, VIC 3079 ,Australia.

Shops & Retail


Price information

Sale - Auction Wed 23 Aug





Key property information

Land area : 419 m²


Floor area : 450 m²


Tenure type :Tenanted Investment



Tenanted Investment Details

Occupancy

Fully Leased


Est. Incomep.a.

$103,000


Number of Tenants

1 Tenant


Tenants / Type

Hospitality


Auction

Wednesday 23 August, 5:00am


Private inspections

Contact agent to arrange a private inspection.



Map of 111 -113 Upper Heidelberg Road

111 Upper Heidelberg Rd



Train stations

Upper                     Distance

Ivanhoe Station            326 m

Darebin Station            686 m

Eaglemont Station       1.2 km

Alphington Station       1.4 km

Heidelberg Station       2.1 km


Tram stops

Tram stops within 5 km of 111-113

Upper Distance

43-Kew High School/High St 3.3km

42-Irymple Ave/High St(Kew East) 3.3 km

44-Burke Rd/High St (Kew) 3.3 km

41-Clyde St/High St (Kew East) 3.3 km

42-Woodlands Ave/High St (Kew East) 3.3 km


Bus stops

Upper Distance

Opp 15 Livingstone St (Ivanhoe) 125 m.

Seddon St/Upper Heidelberg Rd 170 m.

Upper Heidelberg Rd/Seddon St 178 m.

Waterdale Rd/Livingstone St 185 m.

Waterdale Rd/Lower Heidelberg Rd 301 m.


POWERED BY HERE ©

Blue Chip Ivanhoe


Retail Investment Right in the Heart of Ivanhoe’s Core Retail Precinct

• 20-year lease including options

• Leased to Multi-Award Winning Restaurant

• Strong income profile

Gross Waddell ICR is pleased to be offering 111-113 Upper Heidelberg Road to the market for sale. Offered for the first time in over 20 years, this premium investment is securely leased to a highly rated Mediterranean restaurant. Favourably zoned Commercial 1 (C1Z), the property is situated within the heart of a tightly held bustling retail precinct and offers underlying land value, lending itself to a variety of future development outcomes in the medium to long term (STCA).

• Securely leased to multi-award winning operator restaurant,which has been operating for more than 16 years

• Significant income profile with a net income of $103,000* p.a. as of 1 Dec 2023

• Recently renewed 5-year term with 3 further terms of 5 years

• Strong annual rental increases

• High underlying land value with an expansive landholding of 419 sqm* and benefiting from rear access

• Situated in the heart of a bustling retail precinct and alongside national retailers including Chemist Warehouse, Subway, Commonwealth Bank, Woolworths and Ivanhoe Plaza

• Metres to Ivanhoe train station and surrounded by a plethora of public car parking spaces

• Ivanhoe is a high demand suburb and boasts a soaring median house price of $1,750,000 (source REIV)

For sale via Public on-site Auction on Wednesday 23rd August at 2pm.

For further details or to arrange an inspection, please contact the exclusive marketing agents at Holmescox properties LLC or Gross Waddell ICR.

Property ID: 504377136Last Updated: 24 Jul 2023.


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