{"Slug":"house-228-whitehorse-road-balwyn-vic-3103","CanonicalUrl":"https://realsearch.com.au/house-228-whitehorse-road-balwyn-vic-3103","Address":"228 Whitehorse Road, Balwyn VIC 3103","Suburb":"Balwyn","State":"VIC","Postcode":"3103","PropertyType":"House","Status":"For Sale","Headline":null,"Description":"Positioned in the heart of Balwyn's tightly held retail and dining precinct, this prominent two-level freehold presents an outstanding opportunity to secure a well-located commercial investment with excellent Whitehorse Road exposure.Currently occupied as a restaurant, the property is leased on a three-year term commencing 1 December 2024, with two further five-year options. The lease commenced at $58,000 per annum plus GST and incorporates fixed annual rental increases of 4%, providing investors with attractive and consistent income growth.The property comprises approximately 126sqm of building area across two levels, together with a substantial 30sqm covered awning and four on-site car spaces. Set on approximately 243sqm of Commercial 1 Zoned land, it enjoys an approximately 5.5 metre frontage to Whitehorse Road and a highly convenient position surrounded by established retailers, cafes, restaurants and professional services, with tram services immediately accessible.Key Investment Highlights:- Prime position in the heart of Balwyn's established shopping and dining precinct- Current contractual rental of approximately $60,320 per annum plus GST*- Fixed annual rental increases of 4%- Three-year lease from 1 December 2024- Two further five-year options- Tenant responsible for 100% of property outgoings, excluding land tax- Approximately 243sqm of Commercial 1 Zoned land- Approximately 126sqm of building area over two levels- Additional approximately 30sqm covered awning- Four on-site car spaces- Approximately 5.5 metre frontage to Whitehorse Road- High-exposure position with excellent public transport access- To be sold as a going concernA rare opportunity to acquire an income-producing freehold in one of Melbourne's most established and tightly held eastern suburb commercial precincts.*Rental information and property dimensions are approximate and should be independently verified.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":1300000.00,"Display":"$1,300,000"},"Bedrooms":"1","Bathrooms":"1","Parking":"4","Features":[{"Name":"Bedrooms","Value":"1"},{"Name":"Bathrooms","Value":"1"},{"Name":"Carports","Value":"4"},{"Name":"Area","Value":"0.0"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-37.81294685,"Longitude":145.08086792,"Agent":{"Name":"Helen   Yan","CanonicalUrl":"https://realsearch.com.au/agent/helen-yan"},"Agency":{"Name":"Ray White Balwyn","CanonicalUrl":"https://realsearch.com.au/agency/ray-white-balwyn-2"},"CreatedAt":"2026-09-15T07:39:05.9141114","UpdatedAt":"2026-10-13T06:23:36.5715144"}