437 Whitehorse Road, BALWYN VIC 3103
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- Development / Land, Retail
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- 14 Dec 2016
Retail Investment with Mixed Use Development Permit.
CVA Property Consultants are pleased to offer 437 Whitehorse Road, Balwyn for Private Sale.
Located within Whitehorse Road Balwyn's sought after shopping strip this prime retail property is an attractive investment providing a total potential income in the range of $97,000 per annum**. Improvements include a substantial single level building area of 201m2* comprising retail premises totaling 140m2* and rear commercial space of 61m2*.
The retail shop is leased to U.S. franchise giant Subway which has become one of the fastest growing franchises in the world with over 44,852 restaurants in 112 countries.
- Current Rental: $82,937.98 per annum plus GST
- Commencement Date: 15 September 2013
- Lease Term: Five (5) + Five (5) Years
- Reviews: 3% annually. Market review at option
- Potential rental $14,000 per annum* + GST
To further capitalise on the property's advantageous and prolific inner-east location, is the opportunity to action the building permit issued by the City of Boroondara allowing for the construction of a mixed-use development comprising a ground floor retail shop and six residential dwellings above.
Whitehorse Road is located approximately 10km* from Melbourne CBD and is the major commercial focus within Balwyn. It is anchored by a Woolworths Supermarket and features all the well know traders including McDonalds, First Choice Liquor, Westpac, Bank of Melbourne, Priceline, Laurent Cafe plus many more. The 109 Tram runs directly in front, further enhancing the appeal and accessibility of this property.
* Approx , ** Estimate including rear tenancy
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
437 Whitehorse Road BALWYN