Doggie Cafe achieves a Pawfect outcome

April 30th, 2021 

Teska Carson were proud to be offering a retail commercial asset at 306 Whitehorse Road, Balwyn to the market. 

Located within the popular retail precinct on Whitehorse road, the property is surrounded by a wide range of well-known major retailers such as Chemist Warehouse, Australia Post, McDonald's and Gazman. 

Zoned as Commercial 1, the retail site sits on 221m2* of land and has a building area of 139m2*. The retail shop features a rear courtyard along with rear access. Tenanted by Doggie cafe ‘Paws Up Cafe’, on a 5 year lease (commenced October 2020), the property generates an annual income of $54,000 plus outgoings and GST. 

As auction day approached, every man and their dog gathered around the Doggie Cafe interested to witness the selling result. With a few bidders keen to get their paws on the commercial asset, the bidding opened at $1.2 million and was placed on the market at $1.65 million. Much like a game of tug-of-war, the final two buyers stretched their limits in a thrilling end to the auction. As the bidding came to a close, the re-tail store sold under the hammer for $2.08 million. 

Congratulations to Teska Carson on tremendous result!

* = Approximately