POINT OF INTEREST:
Balwyn Road’s boutique service and hospitality strip already commands enough attention without this flagship opportunity hitting the market. For owner-occupiers looking for a freehold property to shape, this one stands tall with two levels of retail and office space stretching 436 sqm*, sitting on 336 sqm* of land. The two current tenants — The Training Zone Australia and International Goju Karate-Do — provide a handy combined leasing income of $76,872.92 per annum, but also an opportunity to vacate, with a month-to-month lease agreement for one and a demolition clause for the other. The rear lane access makes parking straightforward (and on-site), while the major arterials are within arm’s reach — the Eastern Freeway and Doncaster Road intersection is 1.8 km* away and the 48-tram stop sits just 800 m* from the front door.
- 436 sqm* total building area
- 336 sqm* total land area
- Currently leased to The Training Zone and International Goju Karate-Do
- Combined Rental $76,872.92 per annum +GST and outgoings
- Favourable Commercial 1 Zone (CZ1)
- 2 on-site car spaces with dual access from the rear laneway
- 1.8 km* from the Eastern Freeway and Doncaster Road intersection
POINT OF VIEW:
ATT: Owner-occupiers seeking generous proportions, investors diversifying their folios, and developers with a future vision in mind. This breadth of appeal translates to triple the competition, and as the current tenant knows — there are no prizes for coming second.
*Approx.
Pricing excludes GST