- Income $268,013 pa + GST & outgoings
- 10yr lease with 2 further 5 year terms
- Annual 3.5% increases
Description
Gorman Commercial is pleased to offer 427-429 Whitehorse Road, Balwyn for sale via Public Auction on Thursday 26th November at 12 noon on-site.
Leased to nationally recognised pharmacy operator Priceline Pharmacy, with more than 480 stores across Australia, this single-level retail freehold, with over 11 metres of frontage to Whitehorse Road, presents a rare opportunity to acquire a substantial freehold located in this tightly held Balwyn retail precinct.
Key Property Feature:
- Income $268,013 pa plus GST and outgoings
- 10-year lease commencing 8th July 2020 with two (2) further terms of five years
- Annual 3.5% increases
- Single level Building area of 402 sqm approx.
- Generous Land area of 503 sqm approx.
- More than 11 metres frontage
- ROW and parking at rear
- Generous council carpark at rear with rear pedestrian access
Notable major tenants in close proximity to the property include Safeway, Dan Murphys, First Choice Liquor and McDonalds.