236 Lower Heidelberg Road, Ivanhoe East

Expressions of Interest closing Thur 27 Nov at 4pm - Prime Dual-Income Investment in the Heart of East Ivanhoe Village!

Positioned in a tightly held, high-traffic location, this two-level commercial property presents an exceptional opportunity for investors seeking a secure, long-term asset with dual income streams.
Located in the highly desirable East Ivanhoe Village, this property benefits from strong surrounding foot traffic, established neighbouring businesses, and excellent connectivity to key arterials and the Melbourne CBD.

Property Highlights:

- Total Income: $81,000 per annum + GST (approx.)
- Ground Floor: Secure lease with two (2) further options
- First Floor: Leased to commercial tenant on a Three (3) year term commencing 01/07/2025
- Rear Right of Way access plus public car parking nearby
- Building Area: 175 sqm (approx.)
- Land Area: 220 sqm (approx.)
- Zoning: Commercial 1 - flexible for future redevelopment or value-add (STCA)
- Strong tenant mix with dual income from food and professional services

Location Benefits:

- Surrounded by leading local businesses including FoodWorks, Bendigo Bank, and long-standing cafes and boutiques
- Just minutes to Burke Road and the Eastern Freeway
- Only 9km from Melbourne's CBD
- Thriving village vibe with strong local customer base and destination shoppers

Terms: 10% Deposit, Balance 60/90 Days