Prized Freehold Investment with Upside in Dominant Retail Precinct

Description

Burgess Rawson are pleased to offer to the market 230 Whitehorse Road, Balwyn VIC for sale via Private Treaty.

The property has the following key highlights:

+ Renewed Three (3) year lease to December 2026 plus options to 2032.
+ 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: $35,425pa* + GST

For Sale via Private Treaty.

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

Enquire

Contact agents
Beau Coulter Partner
0413 839 898
David Napoleone Senior Sales Executive
0417 308 067
Enquiry Form

Balwyn, VIC

230 Whitehorse Road

For Sale by Expression of Interest

This property is part of Portfolio 169

Price: Contact Agent

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