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
For more details, please email agent