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Sold on 13 Apr 2024 - Price Unavailable

11/385 Belmore Road
Balwyn VIC 3103

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 70m2
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Property Details for 11/385 Belmore Rd, Balwyn

Building Type
Commercial
Floor Size
70m2
Local Government
Boroondara
Lot/Plan
11/PS544710

Last Listing description (April 2024)

Ray White Commercial Ferntree Gully is delighted to present For Sale, this well-appointed office suite located in an iconic retail precinct in prestigious Balwyn.

This office is currently tenanted returning $27,600 per annum plus GST and Outgoings. The current three (3) year term commenced on the 1st of December 2023 and there is one (1) further term of three (3) years left on the lease. Fixed 3% annual increases with a market review to be done at the end of the current term.

Comprising of several offices, an open reception area and a handy kitchenette, toilet facilities are available on site. Secure parking for two vehicles underneath the building is included, with visitor parking available outside at the rear. The generously proportioned space is air conditioned and offers plenty of natural light.

The adjacent shopping strip includes major retailers as well as a variety of cafes, restaurants and boutique enterprises. This outstanding property is located approximately five minutes from the Eastern Freeway, with easy access from major arteries.

• Total Building Area 70 sqm*
• Annual rent - $27,600 plus GST & Outgoings
• Current three year term commenced 1/12/2023
• Annual 3% Increases
• One further term of three years
• Kitchenette
• Male & Female Toilets available
• Air Conditioning
• Secure Parking for two vehicles
• Visitor Parking
• Prominent Location
• Commercial 1 Zone (C1Z)

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Property History for 11/385 Belmore Rd, Balwyn, VIC 3103

A timeline of how this property has performed in the market
Last Sold
13 Apr 2024
Listed for Rent
$575/w
22 Aug 2016
  • 13 Apr 2024
    Sold for $480,000
  • 08 Apr 2024
    Listed for Sale Price on Application
  • 23 Jun 2016
    Listed for Rent - Price not available
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About Balwyn 3103

The size of Balwyn is approximately 4.4 square kilometres. It has 19 parks covering nearly 5% of total area. The population of Balwyn in 2011 was 12,943 people. By 2016 the population was 13,321 showing a population growth of 2.9% in the area during that time. The predominant age group in Balwyn is 10-19 years. Households in Balwyn are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balwyn work in a professional occupation. In 2011, 72.9% of the homes in Balwyn were owner-occupied compared with 71.2% in 2016.

Balwyn has 7,404 properties.

    There are currently 16 properties listed for sale, and 11 properties listed for rent in Balwyn on OnTheHouse. According to CoreLogic's data, 312 properties were sold in the past 12 months in Balwyn.

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    Contact agent
    Mitch Rosam
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    Jarrod Peterson
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    Ray White Commercial Ferntree Gully
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