Burgess Rawson are pleased to offer to the market 230 Whitehorse Road, Balwyn VIC for sale via Expression of Interest.

The property has the following key highlights:

+ Renewed Three (3) year lease to December 2026 plus options to 2030.
+ Ham Kerr Property: proven real estate agency and long-term occupant since 2006.
+ Investor preferred net lease terms, with tenant paying all usual outgoings as per lease.
+ Annual CPI rent reviews.
+ Low rent per/sqm providing opportunity for future rental uplift.
+ Well-presented 188sqm* two-level building with on-site parking at the rear.
+ Future development upside STCA with nearby precedent up to 3 levels.
+ Prime 242 sqm* C1Z freehold landholding with important ROW access.
+ High profile position on busy Whitehorse Road with 11,200* vehicles passing daily. (1)
+ Ideally positioned in absolute heart of thriving Balwyn Village amongst Woolworths and Chemist Warehouse.
+ Surrounded by important social infrastructure including 31 schools within 3km* servicing over 19,800 full time students. (1)
+ Balwyn: affluent eastern metro suburb, with median house price up 10.6% to $3,153,000 in past 12 months. (2)
+ Net Income: $40,804pa* + GST

For Sale via Expression of Interest
Closing 3pm AEST Wednesday 25 September 2024 (unless sold prior)

*Approx
1. GapMaps
2. realestate.com.au