BALWYN BUY ME.
294 WHITEHORSE ROAD
I’M AN EXCEPTIONAL INVESTMENT TAILORED TO SUIT YOUR PORTFOLIO.
Jeremy Gruzewski Executive Director 0422 211 021 jeremy@astoncommercial.com.au LET ME INTRODUCE MYSELF. YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY. Rodney King Associate Director 0422 839 870 rodney@astoncommercial.com.au
Introducing an exceptional investment opportunity in the heart of Balwyn Village, where style, convenience, and profitability converge. This mixed-use property combines the prestige of a ground floor tenancy with the comfort of residential living above.
BUY ME
Auction Thursday 26th
October at 2.00pm on-site
220m 2*
COMBINED DUAL INCOME
$122,486 * pa
TERMS OF SALE
309m 2* BUILDING AREA: LAND AREA: 10% deposit with the settlement 60-90 days from the day of sale
ZONING
Commercial 1 Zone – C1Z
294 WHITEHORSE ROAD
BALWYN
I’M A DIVERSE AND SECURE OPTION.
TENANT #1:
RENTAL: $96,410.25 per annum
LEASE EXPIRY: 17th October 2028
LEASE OPTIONS: 1 further option of 5 years
ANNUAL INCREASES: 3.5%
Gazman is an established men’s fashion label. Proudly Australian owned & operated, started in 1974 and has since grown over 84 stores across Australia.
www.gazman.com.au
TENANT #2: Residential Tenant
LEASE COMMENCEMENT: 20th August 2023
LEASE TERM: 19th August 2024
RENTAL: $26,076.00 per annum
TENURE: The current tenant has been in place for 4 years.
COMBINED
INCOME
$122,486.25
BALWYN 3103.
A picturesque suburb nestled in the heart of Victoria, renowned for its charming retail precincts, exceptional local schools, and its vibrant community of residents.
At the heart of Balwyn lies its bustling retail scene, where boutique shops, quaint cafes, and family-owned stores line the streets. The thriving Whitehorse Road and Balwyn Village shopping areas provide a delightful shopping experience, offering everything from fashion to gourmet cuisine.
Its typical resident is a discerning individual who values the balance between suburban tranquility and urban accessibility. Families and professionals alike are drawn to this leafy enclave, seeking the peacefulness of tree-lined streets while enjoying the convenience of being only a short drive from Melbourne’s bustling city centre.
LIFESTYLE 13,735 Population $1,993 Median weekly household income 48.7% Have achieved Bachelor or Higher degree BALWYN City of Boroondara $2,912,500 Median house price: *realestate.com.au Aug 2023 WELL SERVICED BY BUS SERVICE AGE GROUPS
Older workers and pre-retirees (50 to 59) 11.7% Seniors (70 to 84)
Empty nesters and retirees (60 to 69) 19.4% Parents and homebuilders (35 to 49) TRAM
13.9%
11.4%
SMACK, BANG IN THE HEART OF BALWYN VILLAGE
I AM HANDSOME.
This modern building stands at the intersection of urban functionality and aesthetic appeal. Its exterior is a harmonious blend of sleek lines, glass panels, and concrete accents, exuding a contemporary vibe that seamlessly integrates with the surrounding cityscape. The ground floor of the building is a dedicated retail space. Expansive glass storefronts open to a well-lit retail area creating an inviting atmosphere for shoppers. The 1st floor residential area boasts a different ambience. The access point for the residence is discreetly located at the rear of the building, ensuring a sense of privacy and security. The 2 bedroom residential unit is characterised by an emphasis on contemporary living. Open floor plan, large windows, and high ceilings create a sense of spaciousness and allow abundant natural light to flood the space. The interiors are finished with high-quality materials, combining functionality with an elegant aesthetic.
BUILDING DETAILS
RETAIL 175m 2*
TOTAL BUILDING AREA 309m 2*
2016 BUILT IN 2 APARTMENT 134m 2*
PARKING FOR 2 CARS AT REAR
175m 2*
GROUND FLOOR RETAIL GAZMAN
FIRST FLOOR APARTMENT RESIDENTIAL
+ BALCONY 135m 2*
I HAVE GREAT NEIGHBOURS.
YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY. FOR SALE BY PUBLIC AUCTION When, Where & What? Thursday 26th October at 2.00pm. Terms: 10% deposit with settlement 60-90 days from the day of sale Make a private appointment with the exclusive agents INSPECT A contract of sale and vendors statement REQUEST 294 WHITEHORSE ROAD BALWYN BUY ME. Jeremy Gruzewski Executive Director 0422 211 021 jeremy@astoncommercial.com.au Rodney King Associate Director 0422 839 870 rodney@astoncommercial.com.au
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate
