383 Whitehorse Road,
Balwyn, VIC 3103
Shops & Retail
Price information
Sold
$45,700,000
Key property information
Land area
Floor area
Car spaces
Property extent
Zoning
Tenure type
Sold on
Vinci Carbone Property Pty Ltd - Melbourne
Level 10, 100 Collins StreetMELBOURNE, VIC 3000
383 Whitehorse Road
Balwyn, VIC 3103
Map of 383 Whitehorse Road
INTERGENERATIONAL INVESTMENT OPPORTUNITY - WOOLWORTHS SUPERMARKET
- WOOLWORTHS - STRONG LEASE COVENANT
- OVER 4,700 SQM OF COMMERCIAL 1 ZONE LAND
- POTENTIAL DEPRECIATION BENEFITS
- FREESTANDING SUPERMARKET INVESTMENT
- LEASED TO 2033 (PLUS OPTIONS)
- RETURNING: $1,365,677 PA* PLUS OUTGOINGS
- 3 STREET FRONTAGES, OVER 4,700 SQM OF LAND
Vinci Carbone is privileged to be able to offer for sale this magnificent, truly intergenerational, investment freehold, Woolworths Supermarket, 383 Whitehorse Road (Corner Mangan Street), Balwyn, first time offered for sale in 28 years.
The property comprises a freestanding supermarket situated on a large land holding leased to one of Australia’s most successful retailers, Woolworths Limited - being Australia’s largest supermarket chain and Australia’s largest company by revenue.
This magnificent property has many features including:
Tenant - Woolworths Limited, an exceptionally strong lease covenant, Australia’s largest company by revenue
Location - situated in one of Victoria’s most exclusive and affluent suburbs
Land Holding - over 4,700 sqm of Commercial 1 zoned land with three (3) frontages, Whitehorse Road, Mangan Street and Yerrin Street
Net Income - $1,365,677 per annum*
Position - Prominent corner position within very strong, tightly held retail centre
Term - 12 years remaining on the current term plus options
Car Parking - provided via open air and undercroft for 87 cars and adjoins a council carpark providing a further 67 car spaces
Potential Depreciation benefits
IMPORTANT NOTICE - THE AUCTION OF THIS PROPERTY WILL TAKE PLACE AT LEONDA BY THE YARRA, 2 WALLEN RD, HAWTHORN AT 1.00PM ON FRIDAY 12 NOVEMBER
*approx
- LEASED TO 2033 (PLUS OPTIONS)
- RETURNING: $1,365,677 PA* PLUS OUTGOINGS
- 3 STREET FRONTAGES, OVER 4,700 SQM OF LAND
Vinci Carbone is privileged to be able to offer for sale this magnificent, truly intergenerational, investment freehold, Woolworths Supermarket, 383 Whitehorse Road (Corner Mangan Street), Balwyn, first time offered for sale in 28 years.
The property comprises a freestanding supermarket situated on a large land holding leased to one of Australia’s most successful retailers, Woolworths Limited - being Australia’s largest supermarket chain and Australia’s largest company by revenue.
This magnificent property has many features including:
Tenant - Woolworths Limited, an exceptionally strong lease covenant, Australia’s largest company by revenue
Location - situated in one of Victoria’s most exclusive and affluent suburbs
Land Holding - over 4,700 sqm of Commercial 1 zoned land with three (3) frontages, Whitehorse Road, Mangan Street and Yerrin Street
Net Income - $1,365,677 per annum*
Position - Prominent corner position within very strong, tightly held retail centre
Term - 12 years remaining on the current term plus options
Car Parking - provided via open air and undercroft for 87 cars and adjoins a council carpark providing a further 67 car spaces
Potential Depreciation benefits
IMPORTANT NOTICE - THE AUCTION OF THIS PROPERTY WILL TAKE PLACE AT LEONDA BY THE YARRA, 2 WALLEN RD, HAWTHORN AT 1.00PM ON FRIDAY 12 NOVEMBER
*approx
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Property ID: 503906354Last Updated: 8 Dec 2021
Vinci Carbone Property Pty Ltd - MelbourneLevel 10, 100 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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