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236 Lower Heidelberg Rd 1,884 SF 100% Leased Retail Building Ivanhoe East, VIC 3079 For Sale
Investment Highlights
- Dual-income commercial investment with combined returns of approx. $81,000 p.a. plus GST.
- Building area of approx. 175 m² on a 220 m² landholding with rear right-of-way access.
- Secure leases in place, including ground floor hospitality and first-floor commercial tenancy.
- Commercial 1 zoning suitable for future redevelopment or mixed-use opportunities (STCA).
Executive Summary
Set within the heart of East Ivanhoe Village, this premium dual-income investment offers secure tenancies in a tightly held, high-foot-traffic location just 9 km from Melbourne’s CBD. This two-level asset provides immediate income security with total annual returns of approximately $81,000 plus GST, supported by long-term leases to established tenants across both floors.
The ground floor accommodates a well-patronized food operator under a secure lease with two further options, while the first floor is leased to a professional occupier on a three-year term commencing July 2025. With Commercial 1 zoning across 220 m² of land and a generous 175 m² building footprint, the property delivers current income advantages while maintaining flexibility for future value-add or redevelopment potential (STCA).
Convenient rear lane access complements the vibrant village frontage, with nearby public parking improving accessibility. Located among established anchors including FoodWorks, Bendigo Bank, and boutique retailers, the property enjoys strong local trade and destination shopping appeal. Easy connections to Burke Road, the Eastern Freeway, and surrounding affluent residential catchments amplify its long-term investment fundamentals.
The ground floor accommodates a well-patronized food operator under a secure lease with two further options, while the first floor is leased to a professional occupier on a three-year term commencing July 2025. With Commercial 1 zoning across 220 m² of land and a generous 175 m² building footprint, the property delivers current income advantages while maintaining flexibility for future value-add or redevelopment potential (STCA).
Convenient rear lane access complements the vibrant village frontage, with nearby public parking improving accessibility. Located among established anchors including FoodWorks, Bendigo Bank, and boutique retailers, the property enjoys strong local trade and destination shopping appeal. Easy connections to Burke Road, the Eastern Freeway, and surrounding affluent residential catchments amplify its long-term investment fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,884 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.05 AC
Frontage
17’ on Lower Heidelberg Road
Amenities
- Bus Line
- Signage
- Balcony
1 of 8
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236 Lower Heidelberg Rd
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