88-90 South Parade, Blackburn, VIC 3130

Investment | Retail

Sold Contact Agent

10% deposit, balance 60 days

  • Property ID: 230570
  • Floor Area: 540.1m²
  • Land Area: 600m²
  • NBN Availability: Not Currently Available
  • Nearby Parking: Private
  • Cafes: 12 nearby
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 06/12/2016 540.1m2 600m2 Contact Agent
Premium Retail Investment at 88 South Pde.

Outstanding retail investment to be offered for sale by Public Auction on Tuesday 6th December 2016 at 12 noon on site.

Located in the very vibrant Blackburn shopping strip comprising two single level shops with future development potential, a generous frontage of 16.65 metres*, rear access to large public car park, prime location opposite Blackburn Railway Station and well known neighbors including IGA, Westpac, Amcal Chemist, Celebrations Liquor and more

Tenancy Information :
Tenant: Subway Realty Pty Ltd trading as Subway Restaurant
Current Rental: $49,892.30 per annum plus GST
Lease Term: Seven (7) + Seven (7) + Seven (7) Years
Rental Reviews: Annual 3.5%

Tenant: Burgoyne Real Estate Pty Ltd T/a Barry Plant Real Estate
Current Rental: $78,398.76 per annum plus GST
Lease Term: Five (5) + Five (5) Years
Rental Reviews: Annual CPI

Situated 16 kilometres* from Melbourne’s CBD, the subject property is located just off Blackburn Road within close proximity to the Whitehorse Road, Eastern Freeway and opposite Blackburn Train Station, which is currently being upgraded with new level crossing http://levelcrossings.vic.gov.au/crossings/blackburn ), which is expected to provide future uplift in local property values.

Inspections available by appointment

* Approx



Additional Information
Features
  • Zoning: Commercial 1
  • Lease Term: Refer to Information Memorandum
  • Rent Review: Refer to Information Memorandum
Blackburn Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $161 ---
Retail --- $370 ---
Offices --- $383 ---
This is the average advertised price, rent and yield for Blackburn, VIC 3130*
* 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.
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 88-90 South Parade, Blackburn, VIC 3130. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 88-90 South Parade, Blackburn, VIC 3130. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 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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