592 Balcombe RoadBlack Rock VIC 3193
Property Details for 592 Balcombe Rd, Black Rock
Last Listing description (August 2022)
A rare opportunity in the prime Black Rock village to secure this outstanding large, renovated corner brick retail shop with large rear court yard offering exceptional upside & potential for future redevelopment (s.t.c.a.).
Currently leased to established long standing tenant since 2013 (Burger Exchange) just metres from the Black Rock clock tower, this is one not to be missed.
This affordable freehold property in the central heart of Black Rock's bustling shopping precinct offers an opportunity to the astute investor, developer or future owner occupier.
Key Features:
-3 Street frontage with potential side access facing public car park
-Currently Leased to Burger Exchange since September 2013 with Liquor Licence
- Current Lease 5 years commenced 24/09/2018 with one further term of 5 years
-Total land area: 314 sqm approx
-Land Size: 6.88m x 45.72m approx
-Total building area: 135 sqm approx
-Current Income: $55,149.93 + outgoings + GST
-Fixed annual increases of 3%
-Rear access with on-site parking
-Multiple public car parks nearby
-Zoned Commercial 1
-Located metres from the Black Rock clock tower, Bluff Road, Beach Road & Balcombe Road intersection.
-Underpinned by affluent catchment of premium Bayside suburb of Black Rock with a median house value of $2,737,500
Inspections:
Saturday 06/08/2022 - 11:30am - 12:00pm
Saturday 13/08/2022 - 09:30am - 10:00am
Saturday 20/08/2022 - 09:30am - 10:00am
Wednesday 24/08/2022 - 12:30pm - 01:00pm
Sunday 28/08/2022 - 01:30pm - 02:00pm
Sale method: On site auction Sunday 28th August at 2:00pm
Property History for 592 Balcombe Rd, Black Rock, VIC 3193
- 28 Aug 2022Sold for $1,841,000
- 02 Aug 2022Listed for Sale Contact Agent
- 09 Jul 2013Listed for Rent $35,000 / year
Recent sales nearby
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0About Black Rock 3193
The size of Black Rock is approximately 3.2 square kilometres. It has 10 parks covering nearly 39.5% of total area. The population of Black Rock in 2016 was 6159 people. By 2021 the population was 6389 showing a population growth of 3.7% in the area during that time. The predominant age group in Black Rock is 50-59 years. Households in Black Rock are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Black Rock work in a professional occupation.In 2021, 80.30% of the homes in Black Rock were owner-occupied compared with 77.40% in 2016.
Black Rock has 3,492 properties. Over the last 5 years, Houses in Black Rock have seen a 18.48% increase in median value, while Units have seen a 18.15% increase. As at 30 November 2025:
- The median value for Houses in Black Rock is $2,373,792 while the median value for Units is $1,089,256.
- Houses have a median rent of $1,400 while Units have a median rent of $725.
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