POINT OF INTEREST:
A pillar of commercial heritage that has continually served a local purpose for nearly a century, this asset isn’t just placed amongst Balwyn’s busiest strip — the precinct was established around it. The building dates back to the 1930s when it served the community as an English, Scottish & Australian bank. And it's these origins in money that have seen the building provide good fortune to its tenants over the years. Speaking of, the current occupiers are MS & MR Kitchens, who operate three showrooms in Melbourne and bring in an income of $90,640 per annum plus GST. The commanding structure has 7.6 m* of prime main road frontage with a lower floor, heating and cooling, and a generous floor plan. There are also 6 car spaces at the rear. All the names are nearby like Woolworths, Chemist Warehouse, and multiple bank branches to comforts like McDonald's, Laurent Cafe, and Palace Cinemas — the impressively high foot traffic mirrors the local demand. Head north for 3.5 km* to get onto the M3, while the 109 tram sits directly outside this site.
- 219 sqm* building area.
- 383 sqm* total land area.
- Valuable Commercial 1 Zone.
- Rental $90,640 per annum with expected future upside
- 5+5 year lease terms
- 7.6 m* frontage to Whitehorse Road.
- 1.4 km* to Canterbury railway station.
- 12 km* from Melbourne CBD.
POINT OF VIEW:
This site has seen almost a hundred years of retail prowess. The only thing more impressive is the calibre of businesses that surround it, proving that like attracts like — and that goes for interested investors.
*Approx.
Pricing excludes GST