230 Whitehorse Road,
Balwyn, VIC 3103
Shops & Retail • Offices • Medical & Consulting
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
230 Whitehorse Road
Balwyn, VIC 3103
Map of 230 Whitehorse Road
Prized Freehold Investment with Upside in Dominant Retail Precinct
- Renewed 3 year lease to Dec 2026
- Potential future rental uplift
- Significant development upside STCA
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
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
Property ID: 504604016Last Updated: 1 Oct 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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