Ray White Commercial is delighted to offer this exceptional opportunity to secure 328 Belmore Road, Balwyn to be offered by Public Auction scheduled for Thursday 12th October at 12pm on-site.
Situated in the heart of one of Boroondara's thriving and highly sought after retail strips and located on the busy intersection of Belmore Road and Union Road, this property comprises a single level strata retail premises and presents a fantastic opportunity for an investor to secure a retail shop fronting Belmore Road, Balwyn.
This property is located within a thriving Village shopping precinct surrounded by nationally recognized retailers including Coles Supermarket, Australia Post, Guardian Pharmacy and Bank of Melbourne. The property also benefits from exceptional street exposure and offers an abundance of both car and pedestrian traffic.
This type of opportunity does not come up often, so be sure to secure this prized investment!
-Total Building area 30m2 approx.
-Easy Access to Eastern Freeway
-Ample customer parking
-Commercial 1 Zone (C1Z)
-Leased to Cmall Pty Ltd
-Currently Returning $22,200 p/a + GST + Outgoings
-Three (3) Year Lease Commenced February 2017
-One (1) further term of three (3) years
-CPI Annual Increases
-Security Bond of $6,105.00
Auction Thursday 12th October 2017 @ 12.00pm - onsite
10% Deposit, balance of monies 30/60/90 days thereafter
George Kelepouris 0425 798 677
Theo Karkanis 0431 391 035