1 & 2, 28-30 Blackburn Road, Blackburn, VIC 3130

Retail

Sold

  • Property ID: 353646
  • Floor Area: 214m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Shops 1 & 2 Sold N/A 214m2 N/A Contact Agent
Iconic Blackburn Cafe Investment!

Rare Blackburn Investment opportunity leased to an established hospitality operator trading as 'The Food Republic Cafe'. This iconic investment is offered with a near new 5-year lease returning $80,000 per annum net (plus outgoings and GST) and 3 x 5-year further options.

Comprising two adjoining titles and boasting 14m* frontage onto Blackburn Road, shops 1 & 2 form part of the Bellbird Place Lifestyle Precinct. This commercial/retail square hosts a variety of established operators offering a range of services, with beautiful landscaping providing an attractive meeting place for local residents.

Key investment features:
- Leased to JJB Enterprises trading as 'The Food Republic Cafe'
- Near new 5+5+5+5 year lease
- Lease commenced 4th March 2019
- Rental $80,000 per annum net (plus GST and outgoings)
- 2 months security bond + personal guarantee
- Annual increases + market reviews

Key property features:
- Building area: 214m2*
- 2 titles being sold as 1
- Alfresco area: 48m2* (common property)
- Abundant natural light
- Street frontage to Blackburn Road
- Ample on-site parking for staff and customers
- 300m* Blackburn Railway Station

The Bellbird Place Lifestyle Precinct is situated within the tightly held and highly sought after Blackburn Village and Neighbourhood Activity Centre incorporating many local and national retailers and service providers including Blackburn Library, Blackburn Tennis Club, Subway, Zap Fitness and Australia Post. Additionally, the property is conveniently located 50m* from Central Road, 450m* from Maroondah Highway and just 300m* from Blackburn Railway Station.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: 5+5+5+5 Years
  • Rent Review: Annually
  • Car Spaces: Shared on site
Blackburn Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $161 ---
Retail --- $335 ---
Offices --- $363 ---
This is the average advertised price, rent and yield for Blackburn, 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:

  • 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™.
  • 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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×