CBRE Melbourne Metropolitan Sales is proud to present For Sale a once-in-a-lifetime value-add investment and future redevelopment opportunity located in the heart of The Village, Balwyn North.
70 Doncaster Road offers one of the most significant landholdings in the centre of the retail activity centre and underpinned by a diversified income stream across a retail arcade, first floor offices as well as top floor residence and can be summarised by the following key attributes:
+ An expansive 3-level mixed use retail, office & residential complex including a fully activated retail arcade offering a highly diversified income stream over 1,330 square metres
+ A commanding 892 square metre* Commercial 1 Zone landholding with 20.73m* of frontage to Doncaster Road and rear lane access off Marwal Avenue
+Offering $474,512* of total income across retail, office and residential tenancies with current below-market rents allowing for immediate rental uplift as well as significant rental reversion
+ Located in the heart of established Balwyn North Village activity centre in an established and affluent residential catchment area with a median house price of $2,430,000*
+ Benefitting from 16 secure on-title car spaces for tenants as well as direct proximity to an abundance of public car parks and convenient access to the property via the #48 Doncaster Road tram network
Do not miss this once-in-a-lifetime investment and future development opportunity located in one of Melbourne's most highly desirable suburbs.
Contact CBRE team to arrange an inspection!
For further information please contact the exclusive sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes Approx.
