****** SOLD *******
Gross Waddell ICR is delighted to present this blue-chip investment opportunity, located in what's long been considered one of the best commercial developments in the area, offering high quality office accommodation within Balwyn North, some 9.5km's east of Melbourne's CBD.
Superbly located within "The Village" offering over 75 business including cafes, boutiques, fresh food and more including well known tenants such as Aust Post, Bakers Delight and Amcal Pharmacy.
The property is serviced by city bound trams at the front door, bus networks operating in the area, abundance of Council car parking and easy access to the Eastern Freeway, connecting the property to Melbourne's major road networks.
Property highlights include:
Lease to Maeve O'Brien & Associates Legal Practice
Current Rent: $56,990.44* p.a. net
Annual CPI increases
Term: 5 years (comm. 1 July 2019) plus further term of 5 years
Area of 106sqm* plus 1 secure car space on title and tenant has 4 parking permits
Modern fit out comprising reception, waiting area, offices and meeting room
*Approx.
Offered in conjunction with Tom Ryan Vendor Advocacy
The size of Balwyn North is approximately 9.1 square kilometres. It has 20 parks covering nearly 15.7% of total area. The population of Balwyn North in 2016 was 20406 people. By 2021 the population was 21302 showing a population growth of 4.4% in the area during that time. The predominant age group in Balwyn North is 10-19 years. Households in Balwyn North are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balwyn North work in a professional occupation.In 2021, 78.10% of the homes in Balwyn North were owner-occupied compared with 78.40% in 2016.
Balwyn North has 9,199 properties. Over the last 5 years, Houses in Balwyn North have seen a 13.61% increase in median value, while Units have seen a 16.38% increase. As at 31 December 2025:
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