Balwyn North Village Arcade: A Rare Trophy Investment in Melbourne’s Inner East

Colliers presents unique blue-chip property with strong tenant mix and prime location in Melbourne’s sought-after retail precinct.

Balwyn North Village Arcade, a prestigious free-standing retail building in the heart of one of Melbourne’s most affluent and tightly held suburban precincts, is being brought to market by Colliers. Located at 70 Doncaster Road, Balwyn North, this blue-chip investment opportunity offers a rare chance to secure a landmark asset in a thriving local village setting.

Comprising 1,365 sqm of lettable area across a 888 sqm site, the property features a curated mix of specialty retailers and essential services. Positioned at the high-exposure intersection of Doncaster and Bulleen Roads, the site benefits from a 20-metre frontage and visibility to over 26,000 vehicles daily.

Tim McIntosh, Colliers’ National Director of Retail Middle Markets, said, “This is a rare opportunity to secure a trophy retail investment in Melbourne’s prestigious inner east. Balwyn North Village has maintained exceptionally low vacancy levels for decades, underpinned by a strong mix of daily-needs retailers that generate consistent foot traffic and serve the needs of a highly affluent catchment.”

“With a median house price of approximately $2.8 million, Balwyn North is one of Melbourne’s most desirable suburbs, and this asset is perfectly positioned to benefit from the area’s enduring demand and limited retail supply,” added Mr McIntosh.

Alex Browne, Associate Director, Investment Services at Colliers, added, “Balwyn North Village Arcade is a generational investment opportunity in a tightly held metropolitan market. The property is just 10km from the Melbourne CBD and is surrounded by some of the city’s most prestigious schools, excellent public transport links including the 48 tram, and immediate access to the Eastern Freeway.

The tenancy profile is exceptionally strong, with several long-standing tenants — some in place for over 30 years — providing secure income and the potential for future rental growth in a high-demand location.”

Balwyn North is renowned for its leafy streets, elite schooling options, and vibrant village atmosphere. The suburb continues to attract families and professionals seeking a premium lifestyle, further enhancing the long-term investment fundamentals of the area.

Balwyn North Village Arcade is offered for sale via an Expressions of Interest campaign, managed by Colliers’ Tim McIntosh, Alex Browne, James Zhuang and Lucas Soccio closing at 2pm (AEST) on 18 June 2025.