187 Upper Heidelberg Road,
Ivanhoe, VIC 3079

POINT OF INTEREST:
This is a hybrid property and unique offer that has something for every type of buyer, but not every buyer will get the chance to seize it. This versatile site in the heart of the tightly held Upper Heidelberg Road retail strip offers a ground floor restaurant with complete kitchen, accompanying amenities and clear street signage. The first floor includes a separate street entry, lounge space, two bedrooms, another kitchen and amenities which could lend itself to a potential office space. We’ve saved the best for last, as the current tenant has been thriving in this spot for the past four years and has happily signed on for another five-year lease, rolling over in April. What more could a property offer?

- 208 sqm* building area.
- 204 sqm* land area.
- Commercial 1 zoning.
- 2 car spaces on site.
- Split system air conditioning.
- Tenanted by Tann for four years.
- New five-year lease commencing 1 April 2022.
- Rental $60,000 plus Outgoings.
- 8.85 km* from Melbourne CBD.

POINT OF VIEW:
You’ve heard the term set-and-forget, well this is set-and-forget-and-earn. If your portfolio could benefit from a minimum-fuss, maximum-gain asset, or you’re looking to store some cash before eventually taking your business to the streets, this is it. And it won’t wait.

*Approx.
Pricing excludes GST