Golden 'Mega-Mile' Investment with Brand New 7-Year Lease
214-218 Whitehorse Road, Blackburn VIC

Stonebridge Property Group is delighted to present for sale Rugs Galore, a highly convenient large format retail offering located within the Blackburn-Nunawading ‘Mega Mile’.

 

The key highlights of the opportunity include:

  • A ‘Mega Mile’ large format retail store 100% leased by longstanding and well-known tenant of 20+ years – Rugs Galore
  • Benefiting from a vendor favoured 7-year lease with fixed 3% annual rental increases
  • Rugs Galore, originally established in 1989, are a household name with vast online network and instore offering (Blackburn being their Flagship store)
  • The high exposure 831 sqm* building enjoys 64 m* of corner frontage, a major tenant advantage providing exposure to the 30,000* vehicles that pass by daily
  • An added level of convenience is provided through 30+ customer car parks & multiple points of entry/exit from the busy Whitehorse Road
  • The City of Whitehorse Mega Mile is regarded one of the strongest trading precincts in Victoria with <2.0% vacancy across the 113,000 sqm+ of retail space
  • The ‘Mega Mile’ is the 2nd largest large format retail precinct in Melbourne and the 7th largest nationally
  • Blackburn’s economy and population is set to benefit from the $9.3* billion* Suburban Rail Loop development, improving accessibility and overall convenience

 

*Approximate
^Herald Sun

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge property group.

Listing Map
Listing Map

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