38 Montague St 829 SF Retail Building Balmain, NSW 2041 For Sale

Gunning Real Estate presents a premium freestanding corner retail investment in the heart of Balmain, one of Sydney’s most desirable inner-west suburbs. Positioned on the corner of Montague Street and Beattie Street, the property boasts dual street frontages of approximately 7 meters and 11 meters, ensuring exceptional visibility and exposure.
The property is securely leased to the founders of Blow Bar Co., a rapidly expanding national beauty brand, under a 5-year lease with a 5-year option. Commencing in October 2021, the lease generates a net annual rental of $78,000 + GST, with fixed annual increases of 3%. The tenant pays 100% of outgoings, and a six-month bond is held, providing strong security for the investor.
Situated in a tightly held retail strip within Balmain’s vibrant peninsula, the property is surrounded by boutique shops, cafes, restaurants, and pubs, complemented by a high-density residential catchment. This is a rare opportunity to acquire a high-performing retail asset in a blue-chip location with long-term growth potential.