228 Whitehorse Road

Balwyn VIC 3103

House

Currently for sale - view listing

Overview

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 two 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 - Two 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.