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Gorman Commercial is pleased to present for sale Unit 1, 382 Balwyn Road, Balwyn North via private treaty. This well presented shop, securely leased to Dan Edwards Hairdressing, whom have been operating in the immediate area for almost 20 years, will certainly appeal to all investors. This ground floor premises is positioned within a busy local retail shopping strip, set within one of Melbourne's most sought after suburbs, with unbeatable access to the Eastern freeway via Doncaster Road. The key features of this investment include:
* Versatile 137 sqm retail premises with ample natural light via an internal lightwell
* Leased to establish tenant, trading for almost 20 years in the retail strip
* Income of $32,320* net pa + GST and tenant paying all statutory outgoings
* Rear access with lock up garage
* Three (3) year lease term, commenced 1 March 2024 plus option
* Set within 'The Village' of North Balwyn, with diverse mix of retail outlets, cafes and eateries
* Excellent street parking for customers
* Set within the affluent suburb of Balwyn North (Median House Price $2,142,500 Q3 2024^) To obtain further information or to arrange an inspection, please contact the marketing agents: Nathan May
0452 210 491 * Approx
^ REIV.com.au
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