18-20 King Street, Blackburn, VIC 3130

Industrial

Sold

  • Property ID: 430076
  • Floor Area: 1306m²
  • Land Area: 1901m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 31/07/2023 1306m2 1901m2 Contact Agent
ELITE LOCALE AND TENANT TO MATCH

For sale by way of Public Auction on Thursday 18th May at 12 noon on site

POINT OF INTEREST:
This is one opportunity you don’t want to miss. With a long list of drawcards including a high-demand eastern suburb locale; a secure and steady income from an elite multi-national company plus over 1300sqm* of flexible office/warehouse space, this is what investors strive for - and if you’re quick, it could all be yours.
In a coveted locale just off the Whitehorse Road ‘Mega Mile’ precinct, this standout proposition on a generous site 1,901sqm* includes modern facilities totalling 1306sqm* with an adaptable layout suited to both industrial and commercial uses. The office is both heated and cooled and the site boasts a whopping 27 on-site parking spaces.
Currently leased to a multinational Tenant with over 50 years scientific food industry experience across 100 Laboratories located in 27 countries, together with 8000 employees – the premises is an investor’s dream with secure and steady income now, and certain leasability for the future. For added portfolio security, the property’s generous proportions offer plenty of potential growth upside.
There is a café next door for a quick bite to eat and this first-class locale is just 1.4km* to Blackburn and Nunawading stations, 3km to Eastlink via Surrey Road and 4.5km* to Box Hill Central. The site is also in esteemed company with a host of big-name ‘bulky-goods’ brands nearby including Bunnings, Nick Scali, Beacon Lighting, Toyota and Harvey Norman to name a few.

- Total building area – 1306 sqm*
- Total land area – 1901 sqm*
- 27 on-site parking spaces
- Industrial 1 zoning
- Modern facilities just off the Whitehorse Road ‘Mega Mile’ precinct
- Generous proportions and flexible layout for both commercial and industrial uses
- Leased to a multi-national tenant
- High demand Eastern suburb locale
- 1.4km* to Blackburn and Nunawading stations
- 3km* to Eastlink via Surrey Road
- 4.5km* to Box Hill Central (10min drive)
- City of Whitehorse – current population of around 180,000*

POINT OF VIEW:
Popular with national and international retailers and businesses thanks to its blue-chip neighbours and easily accessible locale, it is not a surprise that properties here spend very little time on the market. And with a world-class tenant in place, this proposition will prove a top-tier asset for any and every portfolio.




*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: Five (5) years plus two (2) further terms of five (5) years each
  • Rent Review: 2% annually. Market at option.
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*

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

Days on Market data for Industrial 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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