1/234 Lower Heidelberg Road, Ivanhoe East

Prized Corner Retail Investment!

SOLD By Miles Real Estate. Located in the Ivanhoe East retail shopping strip is this rare opportunity to acquire a low risk solid retail investment for your portfolio with excellent exposure.
Key features include:
- Building area: 88 sqm (approx.)
- Modern fit-out with a large reception and two separate consulting rooms, plus rear lunch room and internal toilet
- Air-conditioned throughout
- Long-term tenant with a new lease from July 2021 - Four (4) years plus option
- Passive income of $41,000 per annum with fixed annual CPI increases within the term of the lease - tenant paying outgoings
- Access to Eastern Freeway, approximately 12 km to the CBD
- Major nearby occupancies include Bendigo Bank, Ivanhoe East FoodWorks along with local cafes, bars and restaurants all in the shopping strip

Terms: 10% Deposit, Balance 60/90 Days

For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181