Sold
Long Lease to National Retailer + 2,903 sqm* Landholding + 27 Carparks
Early Settler, 200-206 Whitehorse Road, Blackburn VIC
Sold
Stonebridge Property Group is excited to offer for sale this highly prized large format retail investment in the heart of Blackburn’s Homemaker precinct, offered for the first time in 31 years.
- Dominant freestanding investment in the highly coveted Eastern suburb of Blackburn
- Renewed long-term net lease to national retailer Early Settler (56 stores)
- Prominent site of 2,903 sqm* and convenient on grade car parking for 27 vehicles
- Favourable Commercial 2 Zone offering significant long-term redevelopment potential
- Commanding 63 m* frontage to Whitehorse Road
- Excellent exposure to some 44,500 vehicles per day
- Net annual income of $504,956 pa** with fixed annual rental increases of 3.25%
- Zero vacancy in 31 years of ownership with Early Settler in occupation since 2008
- Recent refurbishment completed at an estimated cost of $1M
- Blackburn: Cemented status as one of Melbourne’s most liveable suburbs with a median house price of $1.63M
*Approx.
**Approx as at June 2022
To obtain further information, please contact the exclusive selling agents.
