Secure retail investment in main road location.

GrayJohnson is pleased to offer for sale by auction these ground floor retail premises securely leased to Advanced Beautytech Laser Clinic.

Surrounded by a mix of retail and commercial businesses, this property is located in the heart of affluent Balwyn.

With a new 3x3-year lease in place, this property makes a great addition to your investment portfolio.

The property consists of the lower level of a two-storey solid brick building with entry directly from Whitehorse Road. It is currently configured for the long-term tenant with polished concrete floors, reception and waiting area and six individual treatment rooms plus a large main office area, laundry and storeroom. There is an additional private entry from the rear, where a laneway gives access to four off-street carparks.

The opportunity:
• Prominent position in Balwyn’s main shopping strip
• Total floor area 185sqm*
• 8.6m* frontage to Whitehorse Road
• Rear lane access to four off-street carparks
• Heating and air conditioning throughout
• Self-contained with dual toilets and kitchenette
• New 3x3-year lease returning $62,000 p.a. net + GST

The location:
• Affluent area, among Melbourne’s 10 most expensive suburbs
• Excellent exposure to Whitehorse Road
• Close to intersection with Balwyn Road
• Nearby businesses include a wide range of retail, eateries, childcare, bank, health and wellbeing, and Balwyn Cinema
• Whitehorse Road tram at the door

*approx