Exceptional Land Rich Investment
Fitzroys is delighted to offer 125-127 Upper Heidelberg Road , Ivanhoe, for sale via Expressions of Interest closing 18th November at 2pm.
- Commanding two storey freehold comprising bank on ground floor and spacious apartment on first floor
- Absolute prime land holding of 755sqm* with frontage of 10.4 metres* to Upper Heidelberg Road plus rear frontage to Ivanhoe Plaza car park
- 7 year lease plus options to the Commonwealth Bank of Australia (CBA)
- Returning $205,000 per annum* plus GST on a fully leased basis
- Ground floor has been completely refurbished by Commonwealth Bank to suit their new ultra-modern open plan layout
- First floor encompasses a renovated three-bedroom apartment plus courtyard
- Exceptional asset located in the heart of one of Melbourne’s most successful and highly valued retail and lifestyle precincts
- Brilliant position surrounded by national tenants and constant pedestrian traffic
- Metres from Ivanhoe Plaza (anchored by Coles and Liquorland) and Laurent, Enni, Chemist Warehouse and more
- Within flexible Commercial 1 Zone
- Generous land area provides outstanding future value add / re-development potential (stca)
This is a genuine generational opportunity (first time offered in over 50 years) with properties in this section of Upper Heidelberg Road rarely offered to the market.
125-127 Upper Heidelberg Road, Ivanhoe - For Sale via Expressions of Interest closing Wednesday 18th November at 2pm