605 Balcombe RoadBlack Rock VIC 3193
Property Details for 605 Balcombe Rd, Black Rock
Last Listing description (August 2022)
This affordable freehold property in the central heart of Black Rock's bustling shopping precinct offers an opportunity to the astute investor or future owner occupier.
Key Features:
-2 Story building comprising retail shop front + 2 bedroom residence with rear courtyard
-Currently Leased to Dawn Chinese Massage since September 2016
- New Lease 3 years from the 05/09/2022 with no further terms
-Total land area: 200 sqm approx
-Total building area: 155 sqm approx
-Current Income: $51,984.12 + 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 - 12:00pm - 12:30pm
Saturday 13/08/2022 - 10:00am - 10:30am
Saturday 20/08/2022 - 10:00am - 10:30am
Wednesday 24/08/2022 - 01:00pm - 01:30pm
Sunday 28/08/2022 - 02:30pm - 03:00pm
Sale method: On site auction Sunday 28th August at 3:00pm
Property History for 605 Balcombe Rd, Black Rock, VIC 3193
- 28 Aug 2022Sold for $1,467,000
- 02 Aug 2022Listed for Sale Contact Agent
- 06 Jun 2016Listed for Rent $30,000 / 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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