Retail | Medical | Offices

Stonebridge Property Group is pleased to present for sale 389e Belmore Road, Balwyn via on-site-auction.

The key highlights of the opportunity include:

- A flexible Belmore Village freehold with strategic lease to longstanding tenant and untapped future potential (STCA)

- Leased by longstanding tenant Kutrize (est. 2010), who boast a strong local following and glowing reviews (4.9 star Google rating)

- Tenanted on a favourable 5-year term with no further options to renew, providing occupier and value add potential from 2024

- Positioned adjacent a pedestrian crossing linking to Coles to the north side of the precinct, bottlenecking foot traffic to the façade of Kutrize

- An underutilised 177 sqm* landholding, coupled with favourable zoning and precedent for additional height provides exciting value add possibilities to develop or extend (STCA)

- The flexible freehold boasts surplus rear land and complementary rear lane access/parking – a major advantage for the current and future tenants

- Belmore Village is a strong trading precinct bolstered by Coles supermarket, the strong anchor tenant coupled with ample free car parking provides a highly convenient shopping destination

- Belmore Village boasts 0% retail vacancy – highlighting the quality and desirability of the precinct

- Located in the affluent suburb of Balwyn, where 37.3% of households earn more than $3,000 per week (15% higher than wider Victoria) – a major benefit to local retailers

*Approximate

389e Belmore Road, Balwyn is offered for sale via Public On-Site Auction Thursday 17th November 2022 at 2:30pm. To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Sarah Xi ???
0468 320 297

Property Code: 5...