Prime Balwyn Village Freehold with Secure Income and Annual Growth

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Location

Market Insights for Balwyn VIC 3103

New Listings (last 30 days)

Average price

$3,983,333

Lowest price

$1,300,000

Highest price

$13,000,000

228 Whitehorse Road, Balwyn VIC 3103

EOI Closing 14 October At 5pm

Search Band

$1.3M - $1.43M High Confidence Calculated based on strong search observations.

House 1 bed 1 bath 4 cars

Listed: 21 days ago

Updated: 4 days ago

Overview

Located in the bustling retail and dining heart of Balwyn, this two-level commercial freehold presents a compelling investment opportunity. The property's commanding position along Whitehorse Road provides high exposure, attracting consistent attention from the local community and visitors alike. This prominence is ideal for businesses seeking visibility and accessibility in a prime urban precinct.

Currently leased to a restaurant tenant under a secure three-year agreement commencing in December 2024—with two optional five-year extensions—the investment benefits from a solid income stream. The lease includes fixed annual rental increases of 4%, ensuring predictable growth in returns over time. The tenant also assumes full responsibility for outgoings, excluding land tax, reducing maintenance obligations for the owner.

The building encompasses approximately 126 square meters of versatile indoor space across two levels, complemented by a sizable 30 square meter covered awning, expanding usable areas and potential for outdoor customer seating or display. Four on-site car spaces enhance convenience and accessibility for both tenants and patrons, a valuable asset in a busy commercial zone.

Set on 243 square meters of Commercial 1 Zoned land with an approximately 5.5-metre frontage, the property benefits from excellent public transport links, including tram services, and is surrounded by established retailers, cafes, and professional services. This broader amenity profile contributes to the location's sustained attractiveness and commercial viability.

Prime Balwyn Village location in a well-established shopping and dining precinct
Current lease with fixed 4% annual rental increases providing stable income growth
Substantial building footprint with additional covered awning
Four dedicated on-site parking spaces
Excellent exposure to high-traffic Whitehorse Road and public transport connectivity
Commercial 1 zoning supports diverse business uses
Investment offered as a going concern, appealing to astute investors seeking both security and growth potential

This rare combination of location, secure tenancy, and tangible growth prospects makes the property particularly attractive for investors focused on commercial real estate in Melbourne's sought-after eastern suburbs.

Local Market Insights

In Balwyn, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $3,983,333. The property type mix of listed properties is predominantly Houses at 67%, followed by units (15%), and townhouses (7%). The most active agency for houses in the Balwyn area is currently Jellis Craig, representing 39% of new listings, followed by Ray White with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.