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72-84 Upper Heidelberg Road, Ivanhoe VIC 3079

  • Retail
  • Floor Size3,552 m²
  • PriceFor Sale, Immediate Private Sale

Ivanhoe Woolworths Trophy Retail Investment

  • Full-line Woolworths/BWS
  • Secure Long-term Lease
  • Heart of Ivanhoe Retail Precinct

Savills is delighted to offer for sale this magnificent, trophy retail investment - Ivanhoe Woolworths, a high performing full line Woolworths supermarket and BWS, which is ideally located within one of Melbournes most affluent residential pockets. Having recently undergone significant refurbishment, this asset presents exceptionally well throughout, and is positioned within the bustling Upper Heidelberg Road retail precinct of Ivanhoe.

The key attributes of this outstanding asset include:
- Full line Woolworths supermarket of 3,552sq m*
- Highly visible corner location with over 120m* of prime retail street frontage to Upper Heidelberg Road and Kiernan Avenue
- An outstanding retail location within the heart of the bustling Upper Heidelberg Road retail precinct
- Secure long-term lease (15 years plus 6 x 5 options) to Woolworths Limited, an ASX Top 10 company with current market cap of $39 billion*
- Net income of $917,078 per annum*
- Woolworths has recently completed a $4.9 million upgrade to the premises
- Significant depreciation benefits of $14.5 million*
- Includes 178 car spaces on title
- High growth location in Melbournes affluent and densely populated inner-east
- Ivanhoes median weekly income is 42% higher than the Victorian average!^

*Approx
^Australian Bureau of Statistics

Immediate Private Sale

For further information please contact:

Benson Zhou - 0458 488 888
Clinton Baxter - 0413 569 888
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702

Property Highlights

Property ID2015010042
Floor Area3,552 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingAsk Agent
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  23 Apr 2019
Map for 72-84 Upper Heidelberg Road, Ivanhoe VIC 3079
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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