11/385 Belmore Road, Balwyn, VIC 3103

Offices | Retail | Medical

Sold

  • Property ID: 443263
  • Floor Area: 70m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 13/04/2024 70m2 N/A Contact Agent
Tenanted Office Suite in Prestigious Balwyn Location

Ray White Commercial Ferntree Gully is delighted to present For Sale, this well-appointed office suite located in an iconic retail precinct in prestigious Balwyn.

This office is currently tenanted returning $27,600 per annum plus GST and Outgoings. The current three (3) year term commenced on the 1st of December 2023 and there is one (1) further term of three (3) years left on the lease. Fixed 3% annual increases with a market review to be done at the end of the current term.

Comprising of several offices, an open reception area and a handy kitchenette, toilet facilities are available on site. Secure parking for two vehicles underneath the building is included, with visitor parking available outside at the rear. The generously proportioned space is air conditioned and offers plenty of natural light.

The adjacent shopping strip includes major retailers as well as a variety of cafes, restaurants and boutique enterprises. This outstanding property is located approximately five minutes from the Eastern Freeway, with easy access from major arteries.

• Total Building Area 70 sqm*
• Annual rent - $27,600 plus GST & Outgoings
• Current three year term commenced 1/12/2023
• Annual 3% Increases
• One further term of three years
• Kitchenette
• Male & Female Toilets available
• Air Conditioning
• Secure Parking for two vehicles
• Visitor Parking
• Prominent Location
• Commercial 1 Zone (C1Z)

Balwyn Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $212 ---
Offices --- $212 ---
Retail $5612 --- ---
This is the average advertised price, rent and yield for Balwyn, VIC 3103*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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