Gorman Commercial FOR SALE

286-292 Doncaster Road, Balwyn North

auction

OUTSTANDING SECURE FREEHOLD RETAIL INVESTMENTS WITH SIGNIFICANT UPSIDE

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

Listing Highlights

  • 2 separate auctions
  • Significant redevelopment potential
  • Combined income: $170,151 p.a. net

Property Details

Asset Type
Retail
Building Area
158 - 239 m2*
Land Area
941 m2*
Price
Contact Agent

Stephen Gorman

0418 321 828

sgorman@gormancommercial.com.au