2A Main Street, Blackburn, VIC 3130

Retail

Sold

  • Property ID: 438406
  • Floor Area: 52.9m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 06/12/2023 52.9m2 N/A Contact Agent
AN INVESTMENT A CUT ABOVE

POINT OF INTEREST:

A leased retail asset with exposure hinted in the address, this Blackburn prize is a clever entry-level investment or portfolio addition. Leased to Bloom Hair Pty Ltd but trading as HALO good hair day, the salon has renewed its 3-year agreement at a rate of $22,000 per annum plus GST and outgoings. And fair enough; the 53 sqm* building is perfectly positioned in Blackburn’s centre, almost on the corner of South Parade and seconds away from the Railway Station — and therefore the commuting traffic. There’s a kitchenette, amenities, heating and cooling, and plenty of communal and street parking available too. Sandwiched between two highly-rated eateries, your Main road frontage is as valuable as your distance to major arterials like Whitehorse Road, Springvale Road, and Canterbury Road.

- Leased to Bloom Hair Pty Ltd T/A HALO. good hair day
- Recently renewed 3 year lease from 1st December 2023
- $22,000 p.a + GST + outgoings from 1st December 2023
- Established hair salon with a 5 star google rating
- First time offered in 34 years
- 53 sqm* total building area
- 200 m* to Blackburn Railway Station
- 300 m* to Whitehorse Road

POINT OF VIEW:

Windows of opportunity into the commercial market are few and far between, making this Blackburn shopfront your key to opening more doors.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: At settlement
  • Lease Term: Three (3) Years + Three (3) Years + Three (3) Years
  • Rent Review: 3% annual increases + market review at options
  • Car Spaces: N/A
  • Condition: Excellent
  • Air Conditioning: Yes - split system
  • Floors: Floorboards
  • Lifts: N/A
  • Height: 2.7 meters approx.
  • Age: 30 years+
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $1,200 approx. pa + GST
  • Land Tax: $0 (Single holding basis)
  • Council Rates: $1,191.80 approx. pa + GST
  • Owners Corp. / Insurance: $1,315.00 approx. pa + GST
Blackburn Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $291 ---
Offices --- $305 ---
Industrial --- $148 ---
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 Retail 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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