Prime Belmore Village Holding with Income and Upside
Fitzroys is delighted to offer “Belmore Plaza” at 399 Belmore Rd, Balwyn for sale by Auction on Wednesday 4th of May at 1pm on-site.
This significant multi-tenanted property offers investors & developers an outstanding opportunity to secure a freehold with flexible lease profiles and development uplift (STPA) within the desirable eastern suburb of Balwyn.
The property situated in the heart of the Belmore Village retail and lifestyle precinct, a popular centre occupied by Coles Supermarket, local and established traders, cafes and eateries which supports the affluent catchment nearby.
Key highlights of this opportunity include:
- Substantial land parcel of 1,205sqm*
- Two storey building comprising 867sqm* plus onsite parking.
- Passing Rent $226,000* per annum, leased to multiple tenancy.
- Commercial 1 Zone
- Potential Residential/Commercial/Mixed Use Development (STPA)
- 8 individual titles to be offered in “one line”
For further information please contact the exclusive selling agents.
FOR SALE BY PUBLIC AUCTION WEDNESDAY 4TH MAY AT 1PM ON-SITE.