The Ultimate Bayside Freehold Investment | Fully Leased Shop and Residence with Upside
600 Balcombe Road , Black Rock VIC
Property Highlights
Description
Burgess Rawson is pleased to offer to the market 600 Balcombe Road, Black Rock VIC for sale via private treaty.
The property has the following investment highlights:
+ Dual income stream, dual access fully leased investment
+ Prime 273 sqm* Commercial 1 Zoned landholding with rear lane access and future development potential (STCA)
+ Retail 3 Year net Lease to 2024 with options to 2030 and recoverable outgoings
+ Modern 3 bedroom residence with secure entrance and parking
+ Combined total building area of approximately180 sqm*
+ 12 Month demolition clause providing flexibility in future development timing
+ Superb position metres from the intersection to Beach & Bluff Roads plus popular Black Rock beach
+ Booming retail precinct providing complimentary business and amenities
+ Black Rock: Affluent Bayside suburb with a median house price of $2,250,000^
+ Net Income: $73,973 pa* + GST
To be sold by Private Treaty
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
*approx.
Property Details