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383 Whitehorse Road Balwyn VIC 3103

  • Shop & Retail
  • 2,848 m²
  • Commercial Auction

INTERGENERATIONAL INVESTMENT OPPORTUNITY - WOOLWORTHS SUPERMARKET

    - FREESTANDING SUPERMARKET INVESTMENT 
    - LEASED TO 2033 (PLUS OPTIONS) 
    - RETURNING: $1,365,677 PA* PLUS OUTGOINGS
    - 3 STREET FRONTAGES, OVER 4,700 SQM OF LAND

    Vinci Carbone is privileged to be able to offer for sale this magnificent, truly intergenerational, investment freehold, Woolworths Supermarket, 383 Whitehorse Road (Corner Mangan Street), Balwyn, first time offered for sale in 28 years.

    The property comprises a freestanding supermarket situated on a large land holding leased to one of Australia’s most successful retailers, Woolworths Limited - being Australia’s largest supermarket chain and Australia’s largest company by revenue.

    This magnificent property has many features including:

    Tenant - Woolworths Limited, an exceptionally strong lease covenant, Australia’s largest company by revenue 
    Location - situated in one of Victoria’s most exclusive and affluent suburbs
    Land Holding - over 4,700 sqm of Commercial 1 zoned land with three (3) frontages, Whitehorse Road, Mangan Street and Yerrin Street
    Net Income - $1,365,677 per annum*
    Position - Prominent corner position within very strong, tightly held retail centre 
    Term - 12 years remaining on the current term plus options
    Car Parking - provided via open air and undercroft for 87 cars and adjoins a council carpark providing a further 67 car spaces
    Potential Depreciation benefits

    AUCTION FRIDAY 8 OCTOBER 2021 AT 12.30PM

    *approx 

     

    Auction date and time08/10/2021 12:30
    Auction location383 Whitehorse Road, Balwyn VIC
    Frank Vinci
    Vinci Carbone Property
    Frank Vinci
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property

    Property Highlights

    Property ID2017241962
    Floor Area2,848 m²
    Land Area4,705 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  9 Sep 2021
    Map for 383 Whitehorse Road Balwyn VIC 3103
    Map for 383 Whitehorse Road Balwyn VIC 3103383 Whitehorse Road Balwyn VIC 3103
    Frank Vinci
    Vinci Carbone Property
    Frank Vinci
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property

    Property Highlights

    Property ID2017241962
    Floor Area2,848 m²
    Land Area4,705 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  9 Sep 2021
    Vinci Carbone Property
    L10, 100 Collins Street Melbourne VIC 3000
    Frank Vinci
    Vinci Carbone Property
    Frank Vinci
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Joseph Carbone
    Vinci Carbone Property
    Frank Vinci

    Frank Vinci

    Vinci Carbone Property

    Joseph Carbone

    Joseph Carbone

    Vinci Carbone Property

    0418 *** ***
    0418375375

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