Ivanhoe Investment with enormous upside!
SOLD by Miles Real Estate
Situated directly opposite Ivanhoe Commercial Precinct, this substantial site with a long-term medical practice enjoys a solid income stream with tremendous potential to add value in the medium to long term (STCA).
- Leased to Livingstone Street Clinic
- New five (5)-year lease returning approximately $150,000 per annum plus GST
- Tenant pays all usual outgoings (excluding Land Tax)
- One further option of five (5) years
- Land area: 1,050 sq. metres (approx.)
- Zoned: General Residential Schedule 3
- Opposite Ivanhoe Plaza (Coles, Bakers Delight, Degani), cafes, restaurants and a variety of National Brand retailers on Upper Heidelberg Road
- Minutes to Ivanhoe Railway Station and well serviced by a number of Bus Routes
- 9 kilometres (approx.) from Melbourne's CBD
- A "Set and Forget" investment with tremendous potential at a later stage
Terms: 10% Deposit Balance 60/90 Days
Senior Sales Consultant / Auctioneer
