POINT OF INTEREST:
Inspections by appointment.
To be sold via Public Auction on Thursday 23rd June 2022 at 12 midday on site.
When we say this is the best of both worlds, we mean that this is a one-in-a-million investment in both residential and commercial real estate. On 214 sqm* of land sits a 239 sqm* of building plus 24 sqm* balcony split into two leased assets. Ground floor hosts a modern retail tenancy with a bright and clean layout, open and versatile floorplan, kitchen and bathroom amenities, and two allocated car spaces. The recently established tenants have signed a 3 x 3 x 3 lease, with a 3.5% annual rent review. Since 2016, a longstanding resident has occupied the first floor — with a space encompassing all expected home amenities, heating and cooling, generous balcony and two allocated car parks. The property includes separate entrances for each tenancy and rear right-of-way providing direct access to the substantial council car park being a key element to offer retail customers, as this location on bustling Whitehorse Road is positioning itself front and centre to its surrounding clientele. Neighbouring businesses include giants like Woolworths, McDonalds, Laurent Bakery , and Chemist Warehouse, while also rubbing shoulders with various local favourites to draw in the right crowds. The Eastern freeway is only 4 km* away and the Monash Freeway is only 6.7 km* from site, making this an eastern arterial hotspot.
- 239 sqm* building area.
- 214 sqm* land area
- 5m* Frontage to Whitehorse Road.
- Dual income total $76,856 per annum (Gross)
- Net return estimate $71,500 per annum
- Commercial 1 zoning.
- 4 car spaces on site
- Rear ROW access
- 4 km* from Eastern Freeway.
- 1.4 km* from Canterbury railway station.
- 10.6 km* from Melbourne CBD.
POINT OF VIEW:
The Age once described Balwyn as ‘arguably Melbourne’s most loved suburb’, consistently making an appearance in the ranking of Melbourne’s 10 most exclusive neighbourhoods — which explains why commercial investments here come fully leased with 100% occupancy.
*Approx.
Pricing excludes GST