605 Balcombe Road,
Black Rock, VIC 3193
Shops & Retail • Offices • Showrooms & Large Format Retail
Price information
Sold
$1,467,000
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of 605 Balcombe Road
DECEASED ESTATE! Investment Opportunity
- 1st time offered in over 40 years!
- Long standing tenant since 2016
- Net rental of $51,984.12 as @ 05/09/2022
This affordable freehold property in the central heart of Black Rock’s bustling shopping precinct offers an opportunity to the astute investor or future owner occupier.
Key Features:
-2 Story building comprising retail shop front + 2 bedroom residence with rear courtyard
-Currently Leased to Dawn Chinese Massage since September 2016
- New Lease 3 years from the 05/09/2022 with no further terms
-Total land area: 200 sqm approx
-Total building area: 155 sqm approx
-Current Income: $51,984.12 + outgoings + GST
-Fixed annual increases of 3%
-Rear access with on site parking
-Multiple public car parks nearby
-Zoned Commercial 1
-Located metres from the Black Rock clock tower, Bluff Road, Beach Road & Balcombe Road intersection.
-Underpinned by affluent catchment of premium Bayside suburb of Black Rock with a median house value of $2,737,500
Inspections:
Saturday 06/08/2022 - 12:00pm - 12:30pm
Saturday 13/08/2022 - 10:00am - 10:30am
Saturday 20/08/2022 - 10:00am - 10:30am
Wednesday 24/08/2022 - 01:00pm - 01:30pm
Sunday 28/08/2022 - 02:30pm - 03:00pm
Sale method: On site auction Sunday 28th August @ 3:00pm
Key Features:
-2 Story building comprising retail shop front + 2 bedroom residence with rear courtyard
-Currently Leased to Dawn Chinese Massage since September 2016
- New Lease 3 years from the 05/09/2022 with no further terms
-Total land area: 200 sqm approx
-Total building area: 155 sqm approx
-Current Income: $51,984.12 + outgoings + GST
-Fixed annual increases of 3%
-Rear access with on site parking
-Multiple public car parks nearby
-Zoned Commercial 1
-Located metres from the Black Rock clock tower, Bluff Road, Beach Road & Balcombe Road intersection.
-Underpinned by affluent catchment of premium Bayside suburb of Black Rock with a median house value of $2,737,500
Inspections:
Saturday 06/08/2022 - 12:00pm - 12:30pm
Saturday 13/08/2022 - 10:00am - 10:30am
Saturday 20/08/2022 - 10:00am - 10:30am
Wednesday 24/08/2022 - 01:00pm - 01:30pm
Sunday 28/08/2022 - 02:30pm - 03:00pm
Sale method: On site auction Sunday 28th August @ 3:00pm
Property ID: 504128751Last Updated: 1 Nov 2022
Steveway Real Estate - Richmond
235b Church StreetRICHMOND, VIC 3121
605 Balcombe Road
Black Rock, VIC 3193
Steveway Real Estate - Richmond235b Church Street
RICHMOND, VIC 3121
RICHMOND, VIC 3121
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