Four Income Streams, One Title

275-277 Doncaster Road &, 1, 1A & 1B Sylvander Road, BALWYN NORTH, VIC, 3104

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365.00 m2

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Overview

Exceptional retail investment on high-exposure corner.

GrayJohnson is excited to offer for sale this prime commercial freehold comprising four shops on a single title in the thriving retail precinct of Greythorn Central in Balwyn North.

Surrounded by a mix of retail and professional businesses including supermarkets, hospitality and services, this property has huge potential for subdivision or a future Commercial 1 redevelopment^.

The impressive corner shop in Doncaster Road has an area of 192 sqm* and is completely self-contained. On the same title are three further shops fronting Sylvander Street. All enjoy additional laneway access, along with a huge public car park at the rear.

The properties are to be sold as one and offer a one-of-a-kind opportunity to a forward-thinking investor.

The opportunity:
• Land size 507 sqm*
• Total building area 365 sqm* comprising:
– Corner shop: 191 sqm*
– Shop 2: 46 sqm*
– Shop 3: 48 sqm*
– Shop 4: 79 sqm*
• Doncaster Road frontage 15m*, Sylvander Street frontage 36m*
• Potential income $147,000pa net plus GST*
• One title, with subdivision and redevelopment potential^
• Rear laneway access and huge public carpark
• Zoned Commercial 1

The location:
• Affluent area, among Melbourne’s top 20 most exclusive postcodes
• Corner position in thriving shopping precinct of Greythorn Central
• High profile main road location
• Neighbours include Aldi, Cellarbrations, Amcal, Beacon Lighting and more
• Bus stop on the doorstep
• Easy access to M3 Freeway/Eastlink

*approx.
^STPA

Key Details

Status

Sold

Type

Retail

Contact

Brett Simpson

Director (kew)

brett@grayjohnson.com.au

0402 427 392

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Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

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Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

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Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

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GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

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I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

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We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

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GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.