247 Belmore Road,
Balwyn North, VIC 3104

McGrath Blackburn is delighted to offer to the market for Private Sale 247 Belmore Road, Balwyn North.

Commanding an elevated position with high-impact street presence, this adaptable shop and dwelling offers a blue-chip investment within the thriving Balwyn North retail and dining village. Situated directly alongside the Belmore Heights Shopping Centre, the property enjoys constant exposure to strong local foot traffic and busy Belmore Road passing trade.

Key Features:

• Land Area: 234sqm* | Building Area: 131sqm*
• Currently returning $50,618.88 p.a. + outgoings + GST
• Secure lease to September 2027 with two (2) further terms of five (5) years and 4% increases annually
• Fully equipped hospitality premises with commercial kitchen in place
• Commercial 1 Zone – strong flexibility and future upside
• Located in an affluent and tightly held area - Balwyn North median house price $2,300,000+^

Rear on-site parking plus direct access to a large council car park ensure seamless convenience for both patrons and deliveries. Surrounded by established residential neighbourhoods, quality schools and everyday amenity, the property continues to benfit from a loyal local customer base and steady commercial demand.

Combining reliable income, a highly visible position and long-term growth prospects, this is a standout opportunity for investors and future owner-occupiers seeking a strategic foothold in one of Melbourne's most prestigious suburban precincts.

*Approx.
^Source: REIV