389e Belmore Road,
Balwyn, VIC 3103
Shops & Retail • Medical & Consulting • Offices
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
389e Belmore Road
Balwyn, VIC 3103
Map of 389e Belmore Road
Freehold Investment Leased by Longstanding Tenant in 0% Vacancy Retail Village
- Belmore Village - Opposite Coles
- 5-Year Lease - No Options
- 177 sqm* Land + Rear Access
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 5...
Sarah Xi 席子棠
0468 320 2...
Property Code: 524
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 5...
Sarah Xi 席子棠
0468 320 2...
Property Code: 524
Property ID: 504180879Last Updated: 18 Aug 2023
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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