OUTSTANDING SECURE FREEHOLD RETAIL INVESTMENTS WITH SIGNIFICANT UPSIDE
2 separate auctions
Significant redevelopment potential
Combined income: $170,151 p.a. net
Gorman Commercial is pleased to offer 286-288 Doncaster Road, Balwyn North and 290-292 Doncaster Road, Balwyn North for sale separately via two public auctions on Wednesday 19th June 2019 at 12 noon on-site.
An outstanding opportunity has arisen to acquire one or two fully leased retail freehold investments with significant scope for future redevelopment (S.T.C.A.) with generous land holdings and rear access.
Auction 1 - 286, 286A & 288 Doncaster Road: * Income: $99,261 per annum + GST + outgoings * Land area: 519 sqm approx. * Building area: 239 sqm approx. * Commercial 1 zone * Leased to 3 tenants * Rear R.O.W. access and ample on-site parking
Auction 2 - 290 & 292 Doncaster Road: * Income: $70,890 per annum + GST + outgoings * Land area: 422 sqm approx. * Building area: 158 sqm approx. * Commercial 1 zone * Leased to 2 tenants * Rear R.O.W. access and ample on-site parking
Centrally located in the bustling, tightly held Greythorn retail village shopping strip surrounded by national retailers including Westpac, Aldi, Amcal and Beacon Lighting. Minutes from the Eastern Freeway and Westfield Doncaster.
Open for Inspection: Friday 14th June: 10:30am - 11:00am Wednesday 19th June: 11:30am - 12:00pm
Map for 286-292 Doncaster Road Balwyn North VIC 3104
Map for 286-292 Doncaster Road Balwyn North VIC 3104
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Purchase Price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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