228 Whitehorse Road

Positioned in the heart of Balwyn's tightly held retail and dining precinct, this prominent two-level freehold presents an outstanding opportunity to secure a well-located commercial investment with excellent Whitehorse Road exposure.

Currently occupied as a restaurant, the property is leased on a three-year term commencing 1 December 2024, with two further five-year options. The lease commenced at $58,000 per annum plus GST and incorporates fixed annual rental increases of 4%, providing investors with attractive and consistent income growth.

The property comprises approximately 126sqm of building area across two levels, together with a substantial 30sqm covered awning and four on-site car spaces. Set on approximately 243sqm of Commercial 1 Zoned land, it enjoys an approximately 5.5 metre frontage to Whitehorse Road and a highly convenient position surrounded by established retailers, cafes, restaurants and professional services, with tram services immediately accessible.

Key Investment Highlights:

• Prime position in the heart of Balwyn's established shopping and dining precinct
• Current contractual rental of approximately $60,320 per annum plus GST*
• Fixed annual rental increases of 4%
• Three-year lease from 1 December 2024
• Two further five-year options
• Tenant responsible for 100% of property outgoings, excluding land tax
• Approximately 243sqm of Commercial 1 Zoned land
• Approximately 126sqm of building area over two levels
• Additional approximately 30sqm covered awning
• Four on-site car spaces
• Approximately 5.5 metre frontage to Whitehorse Road
• High-exposure position with excellent public transport access
• To be sold as a going concern

A rare opportunity to acquire an income-producing freehold in one of Melbourne's most established and tightly held eastern suburb commercial precincts.

*Rental information and property dimensions are approximate and should be independently verified.