599 Balcombe Road, Black Rock, Vic 3193

POINT OF INTEREST:

This is the Black Rock unicorn commercial opportunity on every investor and owner-occupier's wishlist, from the gold-standard village location merely a few metres from Beach Road to the highly-functional and nearly-new property floorplan. The building has recently undergone a major refurbishment (with a price tag of over $1.2mil*) to flexibly provide a ground-floor retail space and first-floor offices or residential offering — available to be occupied either together or separately. There’s rear access with 2 secure garage parking, an abundance of public parking on the shopping strip and in neighbouring public car parks, and a fit-out ideal for any retail, medical, allied health, or beachside office seeker. Located among Black Rock’s premier hospitality and retail attractions — including Uncle Bart, True South, and Kicho — and just a short stroll to the beach, this property is expected to generate an impressive rental income of approximately $150,000* per annum.

- 357 sqm* total building area 
   * Ground Floor: 178 sqm*
   * First Floor: 179 sqm*
- 198 sqm* total land area.
- Commercial 1 zoning.
- Two secure garage car spaces with convenient rear access.
- Surrounded by ample public parking.
- Extensive refurbishment completed two years ago ($1.2 million* spend).
- Depreciation benefits.
- 38 solar panels installed for energy efficiency.
- Configured to suit single or dual tenancies (residential or commercial).
- New shop fit out can remain or can be removed by the vendor if not required.
- Building Occupancy Permit: Classes 4, 5 & 6 (suitable for medical, wellness, alternative health, retail, office, public venue & events).
- Only metres from Beach Road & 4.7 km* from the Nepean Hwy.

POINT OF VIEW:

Black Rock’s high street is the charming, boutique, blue-chip beach-side bubble only available once in a blue moon — and that’s exactly how the locals like it. Secure the nearly-new asset with a waitlist akin to landing a Beach Road table at True South.

*Approx.
Pricing excludes GST