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GrayJohnson is pleased to offer for sale by expressions of interest these two retail properties in a high profile location in affluent Balwyn North Village shopping centre.

These are the most prominent retail tenancies in a high-quality mixed use development and the only two with frontage onto Doncaster Road. The complex, completed in 2002, has been maintained to a high standard by the original developer and has a strong tenancy mix including owner-occupiers and quality long-term tenants.

These two properties can be bought together or separately.

The first is a popular corner café that has been operating since the complex was built. It has extensive glazed façades to both street frontages and features pavement seating and a leafy outlook to Marwal Avenue. The second retail shop has been occupied by an award-winning hairdressing business since 2002.

Both properties have secure leases with annual reviews and 5 + 5 year options.

Opportunity 1
• Long-established café business (Village Café)
• Building area 134sqm*
• Prime corner position
• Rental: $111,316 pa with next review October 2025
• Lease Expiry: September 2027 with 5+5 year options
• 2 on-title secure car spaces

Opportunity 2
• Adjoining tenancy to Village Café
• Long-established hairdressing business
• Building area: 79.1sqm*
• Rental: $68,442 pa with next review October 2025
• Lease Expiry: October 2026 with 5+5 year options
• 1 on-title secure car space

Note: Both commercial tenants pay all outgoings (excluding Land Tax)

The location:
• High exposure in main road location
• Surrounded by high-net-worth residential real estate
• Direct proximity to abundant council carparking
• Excellent access to public transport including 48 Doncaster Road tram network
• Only minutes to the Eastern Freeway

*approx