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88-90 South Parade, BLACKBURN VIC, 3130

Sold
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Property Sold in 88-90 South Parade, BLACKBURN VIC, 3130

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11203608
Status:
Sold
Last Updated:
02/10/2019

Property Type

Retail

Land Area

600 SQM

Floor Area

540 SQM

Parking

N/A

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
                  












For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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