GOLDEN RETAIL INVESTMENT

GormanKelly is pleased to offer 417 Whitehorse Road, Balwyn for Private Sale.

We believe the most outstanding aspects of this property include:

- Brand new two (2) storey building
- Building area 468m² split into five (5) tenancies
- Currently returning $256,974 net p.a. plus GST
- Weighted Average Lease Expiry of 5.2 years
- Tenants pay 100% of the building outgoings
- Healthy rental increases (average 3.5%)
- Land area 268m² / Zoned Commercial 1
- Over 250 car spaces in adjoining carparks
- Located within Whitehorse Road, Balwyn Shopping Centre District

Located within a retail strip surrounded by a wide range of many national brands, banks, fast food restaurants and speciality retail shops.

The property is positioned on the northern side of Whitehorse Road, Balwyn located approximately 12km east of the Melbourne CBD within the municipality of Boroondara City Council. Whitehorse Road is a major arterial road that runs east from Kew Junction turning into Maroondah Highway continuing through to Box Hill, Ringwood and Lilydale.

The position on Whitehorse Road benefits from high exposure being one of the region’s main thoroughfares and is well positioned to connect with the Eastern Freeway, Doncaster Road and the CBD. Tram services run along Whitehorse Road providing a short tram ride to Box Hill train station and bus terminal.