109/72 Upper Heidelberg Road, Ivanhoe VIC 3079

Situated on the first level, this is an impressive 72 square meter twin-key two bedroom apartment with two bathrooms-one with laundry facilities, open plan kitchen and kitchenette plus lounge area leading to a 17 square meter South facing terrace. Newly refurbished this apartment is beautifully presented and maintained offering high ceilings, floor to ceiling glazing, quality fixtures and fittings including European stainless steel appliances and large bedrooms (BIRs).

The advantage of one secure under cover car park is also on title.

NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

This apartment is securely leased to Quest until November 2028 with further options thereafter. With an impressive $664 per week return, this well presented apartment is a high yield investment with annual rent reviews and minimal outgoings – this may be perfect for your Self Managed Superannuation Fund.

Quest pays annual Owners Corporation Admin Fees, General Maintenance, and Water Usage. The apartment owner only pays Council Rates, Water Rates and a Maintenance Fund contribution.

An excellent investment opportunity set in a superb location in the Ivanhoe village and just 15 minutes from the CBD.

IMPORTANT INFORMATION:

RENT: $34,571 pa (As of Nov 2025) (Approx $664 per week)

RENT INCREASE: Annual 4% in between Market Reviews
RETURN: 7.75% Gross
( 6.77 % Nett)

LEASE: Until Nov 2028

OPTIONS: Two Further Five Year Options

OWNER PAYS:
Owners Corp Maintenance Fund: $2,405 pa
Council Rates: $1,186 pa
Water Rates : $792 pa

TENANT (QUEST) PAYS:
Owners Corporation Administration Fund
Insurance
General Maintenance

Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
[email protected]

Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.