Ray White Commercial Oakleigh is delighted to offer for sale via Public Auction on Thursday 16th May 2019, these two outstanding retail investments located in Ivanhoe's most highly-sought after retail and dining precinct.
These unique freehold investments are to be offered individually, giving the purchaser the flexibility to buy one or buy both with future development potential (STCA).
The Upper Heidelberg Road retail strip is arguably one of the most tightly-held throughout Metropolitan Melbourne, with vacancy rates continuing to be extremely low year upon year.
This is underpinned by an abundance of nationally recognised retailers such as Woolworths & Coles as well as an abundance of complimenting businesses. Its location, being approximately 10 km's from the Melbourne CBD and easily accessible by the Eastern Freeway (M3) adds to the viability of this investment.
213 Upper Heidelberg Road, Ivanhoe:
• Total Building Area | 137m2 approx.
• Total Land Area | 184m2 approx.
• Current Rental | $47,000 p/a + GST + Outgoings
• New Five (5) year lease - Commenced March 2018
• Long standing tenant - Operating for over 23 years
215 Upper Heidelberg Road, Ivanhoe:
• Total Building Area | 164m2 approx.
• Total Land Area | 153m2 approx.
• Current Rental | $59,480 p/a + GST + Outgoings
• 3 + 3 year lease Commenced May 2017
• Operating as Soul Bytes cafe
• Combined annual rental | $106,480 p/a + GST + Outgoings
• Combined building area | 301m2 approx.
• Combined land area | 337m2 approx.
• Future Development Potential (STCA)
• Rear Access with council parking at rear
• Commercial 1 Zone (C1Z)
The property will be open for inspection on the following dates and times:
• Friday 10th May | 2:00pm - 2:30pm
For further information please contact one of the exclusive marketing agents:
Ryan Amler | 0401 971 622
Theo Karkanis | 0431 391 035
Joshua Colosimo | 0413 790 309
