Welcome to Gorman Commercial

Gorman Commercial is a Commercial Real Estate Agency providing professional expertise in premium Property Management, Sales and Leasing of commercial, industrial and retail real estate across all suburbs of Melbourne, including the Central Business District.

With over 25 years experience, Stephen Gorman and his dedicated team of longstanding professionals can assist you with all your commercial real estate needs.

With innovative property marketing, attention to detail and extensive local market knowledge, the team at Gorman Commercial offers a professional service with unparalleled results.

 

GORMAN COMMERCIAL
415 Riversdale Road, Hawthorn East  Victoria  3123  Telephone: +61 3 9811 4222  Fax: +61 3 9811 4299

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Feature Property

256 Whitehorse Road

BALWYN, VIC 3103

TROPHY BALWYN RETAIL FREEHOLD INVESTMENT

Gorman Commercial is pleased to present 256 Whitehorse Road, Balwyn to the market. The property is offered for sale by public auction on Thursday 18th October at 12 noon on-site.

This is an outstanding opportunity to secure a prime retail freehold investment with significant value-add potential located in the heart of one of Melbourne’s most tightly held and highly regarded retail strips.

Key attributes of the property include:

* Two-level freehold leased to longstanding national retailer, Blue Illusion, who have occupied the property for over 16 years
* Additional separate rear tenancy accessed via rear right-of-way and public car park
* Combined income of $77,512 per annum plus GST and outgoings underpinned by secure 5 year leases
* Outstanding 307 sqm (approx.) Commercial 1 site with 6.8 metre frontage to Whitehorse Road and rear access providing for significant future development potential
* Surrounded by an array of national retailers including Woolworths, ANZ, Westpac, NAB, Anytime Fitness and Chemist Warehouse

The property is located on the southern side of the thriving Whitehorse Road, Balwyn shopping strip within close proximity to Woolworths and adjoining Chemist Warehouse. The retail strip has long been regarded as one of Melbourne’s strongest performing retail strips. Surrounding the property is an array of national retailers including ANZ, Westpac, NAB, Anytime Fitness and Flight Centre. Balwyn is a highly regarded inner eastern suburb located approximately 10km east of the Melbourne CBD with a median house price of $2,390,000.

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