238 Lower Heidelberg Road Ivanhoe East VIC 3079

SOLD By Miles Real Estate.
This perfectly situated shop and dwelling in the heart of the Ivanhoe East retail precinct offers flexibility with two separate income streams, together with scope to add value in the medium term (STCA).

- Total income of $63,000 pa (approx.) for the two tenancies

- Ground floor leased to Brumby's for the past 25 years. Five year option due for renewal in November 2022

- First floor residential tenancy in excellent condition. Leased until September 2022

- Total Building Area: 175 sqm (approx)

- Land Area: 220 sqm (approx.)

- Zoning: Commercial 1

- Additional access and large public car park at the rear of site

- Quality and well supported tenancy mix including Bendigo Bank, Foodworks, various cafes and restaurants, pharmacy, newsagency and fashion stores

- Terms: 10% Deposit, Balance 60/90 days

For a detailed Information Memorandum or to arrange an inspection contact:

Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181