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For sale

228 Whitehorse Road,
Balwyn 3103, Victoria

1 bedroom
1 bathroom
4 car spaces
House

$1,250,000

Property Price Statement

Property details

Prime Balwyn Village Freehold with Secure Income and Annual Growth

Positioned in the heart of Balwyn's tightly held retail and dining precinct, this prominent two-level freehold presents an outstanding opportunity to secure a well-located commercial investment with excellent Whitehorse Road exposure.

Currently occupied as a restaurant, the property is leased on a three-year term commencing 1 December 2024, with two further five-year options. The lease commenced at $58,000 per annum plus GST and incorporates fixed annual rental increases of 4%, providing investors with attractive and consistent income growth.

The property comprises approximately 126sqm of building area across two levels, together with a substantial 30sqm covered awning and four on-site car spaces. Set on approximately 243sqm of Commercial 1 Zoned land, it enjoys an approximately 5.5 metre frontage to Whitehorse Road and a highly convenient position surrounded by established retailers, cafes, restaurants and professional services, with tram services immediately accessible.

Key Investment Highlights:
- Prime position in the heart of Balwyn's established shopping and dining precinct
- Current contractual rental of approximately $60,320 per annum plus GST*
- Fixed annual rental increases of 4%
- Three-year lease from 1 December 2024
- Two further five-year options
- Tenant responsible for 100% of property outgoings, excluding land tax
- Approximately 243sqm of Commercial 1 Zoned land
- Approximately 126sqm of building area over two levels
- Additional approximately 30sqm covered awning
- Four on-site car spaces
- Approximately 5.5 metre frontage to Whitehorse Road
- High-exposure position with excellent public transport access
- To be sold as a going concern

A rare opportunity to acquire an income-producing freehold in one of Melbourne's most established and tightly held eastern suburb commercial precincts.

*Rental information and property dimensions are approximate and should be independently verified.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Inspections

Explore the area

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School catchments

  • Balwyn Primary School Primary Prep-6 Government 0.13km
  • Fintona Girls' School Combined Prep-12 Independent 0.21km
  • Chatham Primary School Primary Prep-6 Government 1.1km
  • Camberwell Grammar School Combined Prep-12 Independent 1.2km
  • Our Lady of Good Counsel School Primary Prep-6 Catholic 1.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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