72-84 UPPER HEIDELBERG ROAD, IVANHOE

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Savills is delighted to offer for sale this magnificent, trophy retail investment - Ivanhoe Woolworths, a high performing full line Woolworths supermarket and BWS, which is ideally located within one of Melbourne’s most affluent residential pockets.  Having recently undergone significant refurbishment, this asset presents exceptionally well throughout, and is positioned within the bustling Upper Heidelberg Road retail precinct of Ivanhoe – only 7km* from the CBD.

The key attributes of this outstanding asset include:

  • Full line Woolworths supermarket of 3,552sq m*

  • Highly visible corner location with over 120m* of prime retail street frontage to Upper Heidelberg Road and Kiernan Avenue

  • An outstanding retail location within the heart of the bustling Upper Heidelberg Road retail precinct

  • Secure long-term lease (15 years plus 6 x 5 options) to ‘Woolworths Limited’, an ASX Top 10 company with current market cap of $39 billion*

  • Net income of $917,078 per annum*

  • Woolworths has recently completed a $4.9 million upgrade to the premises

  • Significant depreciation benefits of $14.5 million*

  • Includes 178 car spaces on title

  • High growth location in Melbourne’s affluent and densely populated inner-east

  • Ivanhoe’s median weekly income is 42% higher than the Victorian average!^

*Approx

^Australian Bureau of Statistics

72-84 Upper Heidelberg Road, Ivanhoe is For Immediate Private Sale

 

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