592 Balcombe Road Black Rock VIC 3193

A rare opportunity in the prime Black Rock village to secure this outstanding large, renovated corner brick retail shop with large rear court yard offering exceptional upside & potential for future redevelopment (s.t.c.a.).

Currently leased to established long standing tenant since 2013 (Burger Exchange) just metres from the Black Rock clock tower, this is one not to be missed.

This affordable freehold property in the central heart of Black Rock's bustling shopping precinct offers an opportunity to the astute investor, developer or future owner occupier.

Key Features:

-3 Street frontage with potential side access facing public car park
-Currently Leased to Burger Exchange since September 2013 with Liquor Licence
- Current Lease 5 years commenced 24/09/2018 with one further term of 5 years
-Total land area: 314 sqm approx
-Land Size: 6.88m x 45.72m approx
-Total building area: 135 sqm approx
-Current Income: $55,149.93 + outgoings + GST
-Fixed annual increases of 3%
-Rear access with on-site parking
-Multiple public car parks nearby
-Zoned Commercial 1
-Located metres from the Black Rock clock tower, Bluff Road, Beach Road & Balcombe Road intersection.
-Underpinned by affluent catchment of premium Bayside suburb of Black Rock with a median house value of $2,737,500

Inspections:
Saturday 06/08/2022 - 11:30am - 12:00pm
Saturday 13/08/2022 - 09:30am - 10:00am
Saturday 20/08/2022 - 09:30am - 10:00am
Wednesday 24/08/2022 - 12:30pm - 01:00pm
Sunday 28/08/2022 - 01:30pm - 02:00pm

Sale method: On site auction Sunday 28th August at 2:00pm