59 Upper Heidelberg Road, Ivanhoe

Secure Medical Cashflow Investment - $125,000 Net, New 5+5+5 Lease

Secure a prime long-term medical investment in the heart of Ivanhoe's bustling village, with a brand new 5-year lease to a well-established local practice.

Returning $125,000 per annum net plus GST and outgoings, this low-touch asset offers strong income security in one of Melbourne's most tightly held medical and retail precincts.

With a NLA of 292 sqm (approx.) in a high-exposure position on Upper Heidelberg Road, this fully air-conditioned medical and consulting facility has been extensively fitted out by the tenant to suit modern physiotherapy and allied health use. A wheelchair lift and professional reception/consulting layout support excellent accessibility and patient amenity from day one.

The property benefits from a new 5-year lease commencing 4 September 2025, with two further 5-year options, providing a long runway of income security. The tenant is a well-established local physiotherapy business, ideally positioned among other recognised healthcare providers, bustling cafes, restaurants, and retail.

Opposite Woolworths and close to public carparking, trains and other public transport, this tightly held Ivanhoe location enjoys strong pedestrian and vehicular traffic, underpinning ongoing demand for medical and consulting space.

Investors will also appreciate exceptionally low land tax of just $1,740 (Single Holding Basis, 2025 assessment) and the potential for depreciation benefits, supporting attractive after-tax cashflow (subject to purchaser's circumstances). Three on-site car spaces further enhance tenant appeal and long-term leasing prospects.

Key Features
- Medical and consulting investment of 292m2 NLA (approx.) in central Ivanhoe
- Returning $125,000 per annum net plus GST and outgoings
- New 5-year lease from 4 September 2025, plus 2 further 5-year options
- Well-established local physiotherapy tenant with quality fit-out
- Wheelchair lift, fully airconditioned and professionally configured consulting layout
- 3 on-site car spaces, plus ample public carparking nearby
- Exceptionally low land tax - only $1,740 (Single Holding Basis, 2025)
- Strong positive cashflow potential with depreciation tax benefits (subject to purchaser's advice)
- High exposure main street position opposite Woolworths and close to train station
- Tightly held medical/retail precinct with strong passing trade

Call now to secure this blue-chip Ivanhoe medical investment before the EOI closing date.

Terms: 10% Deposit, Balance 60/90 Days