4 Lawrence Street, Blackburn South, VIC 3130

Retail | Offices | Development/Land

Sold

  • Property ID: 436209
  • Floor Area: 223m²
  • Land Area: 240m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 05/10/2023 223m2 240m2 Contact Agent
Dual Income Investment Opportunity with 9.5m* Frontage

RWC Oakleigh is delighted to present 4 Lawrence Street, Blackburn South to the market which will be offered via a public on-site and online Auction scheduled for Thursday 5th October 2023, at 11:00 am.

This two-storey freehold investment property has recently undergone high-quality renovations with the residence fitted with reverse cycle heating / cooling, oven, rangehood, dishwasher, combi-oven, gas stove top, European laundry & intercom system making it an excellent opportunity for those seeking a first-class asset in a highly desirable location. Situated in the heart of a thriving retail precinct, the property boasts a fantastic 9.5m* frontage and the potential for investors to enjoy the convenience of having two separate income streams.

The surrounding area is bustling with nationally recognised businesses, including a Woolworths Supermarket, McDonald's, Duncan's, Bendigo Bank, and Australia Post. Additionally, there are various complementary tenancies including cafes, take-away shops, medical facilities as well as hair and beauty salons showcasing the area's strength and viability.

The property benefits from a R.O.W along with council parking at the front and is conveniently located just 1.3km* from Forest Hill Chase Shopping Centre. This property also provides you with fantastic versatility as you have the option to either occupy the residence or simply secure the property as a passive dual income investment - the choice is yours!

Property Attributes:

• Total land area | 240m2*
• Combined building area | 223m2* over two levels
• Plus further decking for residence | 31m2*
• Shop Leased until March 2027 + 4 year option
• Immaculate two b/room residence (Vacant)
• Gas supply to residence
• Forest Hill Chase Shopping Centre (1.3km*)
• Surrounded by Woolworths, McDonalds, Duncan's, Bendigo Bank & Australia Post
• Public Transport in close vicinity (Bus 250m* & Train 1.3km*)
• Secure car parking on-site accessible via R.O.W
• Commercial 1 Zone (C1Z)
• Terms: 10% deposit, balance in 30/60/90 days

For further information, don't hesitate to get in touch with one of the exclusive marketing agents:

Theo Karkanis | 0431 391 035
Anthony Anastopoulos | 0488 095 057

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Blackburn South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4933 --- ---
Retail $4933 --- ---
This is the average advertised price, rent and yield for Blackburn South, VIC 3130*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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