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BLUE CHIP LOCATION WITH EXCEPTIONAL DEVELOPMENT POTENTIAL
ASKING PRICE: Contact Agent
CURRENT RENTAL RETURN: Approximately $40,000 per annum plus GST and outgoings
LAND SIZE: 186m2 approx.
ZONING: COMMERCIAL 1 ZONE (C1Z)
Overlay(s): DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 16 (DDO16)
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PROPERTY HIGHLIGHTS
This exceptional commercial property presents a rare opportunity to secure a premium investment in one of Balwyn's most sought-after locations. Currently operated as a well-established florist for over 40 years, this versatile property offers immediate income and outstanding future potential.
KEY FEATURES:
• High exposure location on busy Belmore Road with excellent street frontage
• Potential Of Multiple revenue streams with separate spaces suitable for:
- Retail operations
- Professional offices
- Residential accommodation
• Established business history - successful florist operation for 40+ years
• Strong rental yield with reliable tenant in place
• Prime location ensuring maximum visibility and foot traffic
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DEVELOPMENT POTENTIAL (STCA)
This blue chip location offers exceptional future development opportunities for the astute investor or developer:
• Potential for mixed-use development
• Opportunity to capitalize on separate retail, office, and residential components
• Premium location in established, affluent suburb
• Strong demand for quality commercial and residential space in the area
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LOCATION & AMENITIES
Transport Links:
• Close proximity to Whitehorse Road tram line
• Easy access to Eastern Freeway
• Multiple bus routes along Belmore & Balwyn Roads
Local Amenities:
• Education: Near prestigious schools including Balwyn High School and Methodist Ladies' College
• Medical: Proximity to major medical facilities and specialist practices
• Banking: Multiple bank branches within close proximity
Nearby Attractions:
• Camberwell Market (weekends)
• Rivoli Cinemas
• Burke Road & Whitehorse Road shopping strips
• Numerous parks and recreational facilities
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INVESTMENT SUMMARY
• Established income stream with reliable, long-term tenant
• Blue chip Balwyn location with strong capital growth history
• Multiple use potential maximizing future opportunities
• High visibility commercial frontage
• Development upside subject to council approval
• Tightly held precinct with limited commercial opportunities
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INSPECTION
By Appointment Only
Contact our office today to arrange your private inspection of this exceptional commercial opportunity.
All dimensions, areas, and financial figures are approximate. Interested parties should make their own enquiries and seek independent professional advice. Subject to Contract and Council Approval (STCA) where applicable.

If you are unable to attend the auction but wish to bid on this fantastic property, please follow the link to register to bid online - https://anywhereauctions.com.au/app/property?propertyId=57064

Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.