26A Hilda Street,
Balwyn, VIC 3103
Shops & Retail
Key property information
Floor area
Zoning
Tenure type
Sold on
Map of 26A Hilda Street
More Than Meets The Eye
- Land area 78 sqm*
- Building area 68 sqm*
- Part of a small retail precinct
Affordable retail investment with redevelopment potential.
This single-story retail property offers immediate rental returns. But that’s just the beginning. Longer term, there’s the opportunity to redevelop the property, maintaining the commercial ground floor and adding residential premises above^.
Currently in use as a hairdressing salon, this property has an existing three-year lease with no further terms.
The brick building sits on a land area of 78 sqm* and enjoys front and rear access. The premises are self-contained with a kitchenette and bathroom facilities.
In addition to retail uses, the property would suit professional or medical offices^.
The property is part of a small retail precinct in an affluent central Balwyn residential area, close to Belmore and Balwyn Roads.
The shopping strip is provided with ample off-road angle parking. It is located across the road from the Hilda Street Reserve and Playground, two minutes’ walk from the Yongala Preschool and just minutes from Balwyn High School and the sporting facilities at Macleay Park.
At the anticipated price-point, this is an excellent opportunity to acquire a valuable freehold in a prestigious area with the potential to significantly increase the capital value over time.
The opportunity
• Land area 78 sqm*
• Building area 68 sqm*
• Kitchenette and bathroom facilities
• Potential to add residential above (STPA)
• Ample parking in front of property
• 3-year lease in place
• Suit owner-occupier or investor
The location
• Central location in prestige suburb
• Rear laneway access
• Schools, childcare and parks nearby
• Close to Belmore and Balwyn Roads
• Zoning: Commercial 1
Auction Thursday 24 August @ 12 noon
*approx
^STPA
This single-story retail property offers immediate rental returns. But that’s just the beginning. Longer term, there’s the opportunity to redevelop the property, maintaining the commercial ground floor and adding residential premises above^.
Currently in use as a hairdressing salon, this property has an existing three-year lease with no further terms.
The brick building sits on a land area of 78 sqm* and enjoys front and rear access. The premises are self-contained with a kitchenette and bathroom facilities.
In addition to retail uses, the property would suit professional or medical offices^.
The property is part of a small retail precinct in an affluent central Balwyn residential area, close to Belmore and Balwyn Roads.
The shopping strip is provided with ample off-road angle parking. It is located across the road from the Hilda Street Reserve and Playground, two minutes’ walk from the Yongala Preschool and just minutes from Balwyn High School and the sporting facilities at Macleay Park.
At the anticipated price-point, this is an excellent opportunity to acquire a valuable freehold in a prestigious area with the potential to significantly increase the capital value over time.
The opportunity
• Land area 78 sqm*
• Building area 68 sqm*
• Kitchenette and bathroom facilities
• Potential to add residential above (STPA)
• Ample parking in front of property
• 3-year lease in place
• Suit owner-occupier or investor
The location
• Central location in prestige suburb
• Rear laneway access
• Schools, childcare and parks nearby
• Close to Belmore and Balwyn Roads
• Zoning: Commercial 1
Auction Thursday 24 August @ 12 noon
*approx
^STPA
Balwyn, 3103 demographic data
The median household income for Balwyn is $1,975, 4% higher than Greater Melbourne's household income of $1,901. Balwyn has an older age profile compared to the rest of Greater Melbourne (median age 43 vs 37). Property ownership data shows 38% of property owners in Balwyn have a mortgage.
13,495
Population
$1,975 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
Gray Johnson - Melbourne
7/41 Exhibition StreetMELBOURNE, VIC 3000
04024273...
26A Hilda Street
Balwyn, VIC 3103
Gray Johnson - Melbourne7/41 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from Gray Johnson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Ground Floor, 327 Whitehorse Road,Balwyn, VIC 3103 185 m²Shops & Retail • Showrooms & Large Format Retail
