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Ground Floor, 327, Whitehorse Road, BALWYN, VIC, 3103

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185.00 m2

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Overview

Secure retail investment in main road location.

GrayJohnson is pleased to offer for sale by auction these ground floor retail premises securely leased to Advanced Beautytech Laser Clinic.

Surrounded by a mix of retail and commercial businesses, this property is located in the heart of affluent Balwyn.

With a new 3×3-year lease in place, this property makes a great addition to your investment portfolio.

The property consists of the lower level of a two-storey solid brick building with entry directly from Whitehorse Road. It is currently configured for the long-term tenant with polished concrete floors, reception and waiting area and six individual treatment rooms plus a large main office area, laundry and storeroom. There is an additional private entry from the rear, where a laneway gives access to four off-street carparks.

The opportunity:
• Prominent position in Balwyn’s main shopping strip
• Total floor area 185sqm*
• 8.6m* frontage to Whitehorse Road
• Rear lane access to four off-street carparks
• Heating and air conditioning throughout
• Self-contained with dual toilets and kitchenette
• New 3×3-year lease returning $62,000 p.a. net + GST

The location:
• Affluent area, among Melbourne’s 10 most expensive suburbs
• Excellent exposure to Whitehorse Road
• Close to intersection with Balwyn Road
• Nearby businesses include a wide range of retail, eateries, childcare, bank, health and wellbeing, and Balwyn Cinema
• Whitehorse Road tram at the door

*approx

Key Details

Status

Sold

Type

Retail

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Their interests are our priority

Di & David Haggett

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.

Peter Kirkpatrick

Charter Keck Cramer

To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

Egbert Pereira

EPA Group Accountants

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

Safetynet Investments

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.

Edward McDermott

DCM Lawyers

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.

Matt Marshall

Smart Freight

Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

Balance Advertising

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.

Sonya Miller

Armitage Jones

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.

Matt Power

Balance Property Partners

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.