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383 Whitehorse Road
Balwyn VIC 3103
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Sold on 12 Nov 2021

383 Whitehorse Road Balwyn VIC 3103

  • Shop & Retail
  • 2,848 m²
  • Sold, $45,700,000

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

IMPORTANT NOTICE - THE AUCTION OF THIS PROPERTY WILL TAKE PLACE AT LEONDA BY THE YARRA,  2 WALLEN RD, HAWTHORN AT 1.00PM ON FRIDAY 12 NOVEMBER

*approx 

 

AUCTION

Auction date and time12/11/2021 13:00
Auction locationLEONDA BY THE YARRA
Vinci Carbone Property
Vinci Carbone Property
Level 10/100 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold12 Nov 2021
Sold Price$45,700,000
Floor Area2,848 m²
Land Area4,705 m²
ParkingOn site parking available
Property ID2017241962
Category
Last updated  12 Nov 2021
Map for 383 Whitehorse Road Balwyn VIC 3103

Nearest transport* to 383 Whitehorse Road Balwyn VIC 3103

Bus
Train
Tram
Whitehorse Rd/Balwyn Rd (Balwyn)148 m
Whitehorse Rd/Balwyn Rd (Balwyn)159 m
Fintona Girls School/Balwyn Rd (Balwyn)277 m
Jurang St/Balwyn Rd (Balwyn)304 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Vinci Carbone Property
Vinci Carbone Property
Level 10/100 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold12 Nov 2021
Sold Price$45,700,000
Floor Area2,848 m²
Land Area4,705 m²
ParkingOn site parking available
Property ID2017241962
Category
Last updated  12 Nov 2021

Co-Agents

Frank Vinci
Frank Vinci
Vinci Carbone Property
Call
0418375375
Joseph Carbone
Joseph Carbone
Vinci Carbone Property
Call
0418351316

More about 383 Whitehorse Road Balwyn VIC 3103

383 Whitehorse Road Balwyn VIC 3103 is categorized as Shop & Retail Property. It has a floor area of 2,848 m² and a land area of 4,705 m². The listing ID for this property is 2017241962.

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