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321-329 Doncaster Rd 753 SF Retail Condo Unit Offered at $896,490 in Balwyn North, VIC 3104
Investment Highlights
- Tightly held Balwyn North shopping precinct
- Equipped with three-phase power
- Surrounded by established long-term tenants
- Over 97 dedicated car parks
Executive Summary
323 Doncaster Road, Balwyn North, is a freehold property located within a well-established and tightly held shopping precinct. The site is positioned among a diverse mix of long-standing food and beverage operators, including pizzerias, grill and burger bars, seafood outlets, charcoal chicken, souvlaki, Chinese and Lebanese restaurants, and popular cafés. The property is zoned Commercial 1 (C1Z) and occupies a land and building area of approximately 1,073.56 m². It is supported by over 97 dedicated car parks servicing the shopping strip, ensuring convenient access for patrons. Infrastructure improvements include the provision of three-phase power.
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Signage
1 Unit Available
Unit 323
| Unit Size | 753 SF | Cap Rate | 4.00% |
| Price | $896,490 | NOI | $35,859.60 |
| Price Per SF | $1,190.56 | No. Parking Spaces | 97 |
| Condo Use | Retail | APN/Parcel ID | 9\LP50519 |
| Sale Type | Investment |
| Unit Size | 753 SF |
| Price | $896,490 |
| Price Per SF | $1,190.56 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.00% |
| NOI | $35,859.60 |
| No. Parking Spaces | 97 |
| APN/Parcel ID | 9\LP50519 |
Description
323 Doncaster Road, Balwyn North, is a freehold property positioned in a well-established and tightly held shopping precinct. The location benefits from a retail and dining environment, with neighboring businesses including eateries, specialty food outlets, and cafés, creating foot traffic and customer appeal.
The property is zoned Commercial 1 (C1Z) and occupies a land parcel of approximately 90 m² with a building footprint of around 70 m². It is supported by significant shared infrastructure, including over 97 dedicated car parks servicing the shopping strip, ensuring convenient access for customers. Additional improvements include the provision of three-phase power, enhancing operational flexibility for a range of commercial uses.
Sale Notes
The property is currently leased by Balwyn North Milk Bar, generating an annual rental income of $46,305 plus outgoings (approximately $10,000 pa.), with a secure three-year lease term and two additional three-year options. Annual rental increases of 5% apply.
This location benefits from strong surrounding amenities, established businesses, and excellent accessibility, making it a stable investment within a high-demand retail corridor.
Interior photo of retail space available at 323 Doncaster Rd
Interior photo of retail space available at 323 Doncaster Rd
Floor plan for retail space at 323 Doncaster Rd
Presented by
321-329 Doncaster Rd
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