399 Whitehorse RoadBalwyn VIC 3103
Property Details for 399 Whitehorse Rd, Balwyn
Last Listing description (March 2024)
Nestled in the heart of the Balwyn retail strip, this shop provides an excellent opportunity to the astute retailer seeking quality position and strong foot traffic. This two level shop provides spacious first level with prime ground floor area. The property is partly fitted out, to suit butcher shop/fish monger or can be stripped out to suit other uses. The shop is located just metres from Woolworths, banks, major brands such as Chemist warehouse, First Choice Liquor, Laurent, Domino's McDonald's and many more retailers with the 109 tram at your door step.
- 203 sqm* building area
- 147 sqm* total land area
- Vacant possession (expcted rent of $80k+) per annum with expected future upside
- 5.5 m* frontage to Whitehorse Road
- 1.4 km* to Canterbury railway station
- 12 km* from Melbourne CBD
* approximately
Property History for 399 Whitehorse Rd, Balwyn, VIC 3103
- 07 Mar 2024Sold for $2,508,000
- 20 Oct 2023Listed for Sale $2,400,000
- 04 Mar 2016Listed for Sale Not Disclosed
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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 7,369 properties. Over the last 5 years, Houses in Balwyn have seen a 18.65% increase in median value, while Units have seen a 9.67% increase. As at 31 October 2024:
- The median value for Houses in Balwyn is $2,811,991 while the median value for Units is $849,310.
- Houses have a median rent of $980 while Units have a median rent of $600.
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