Large format retail in Blackburn

Wednesday 10 October 2018

Burgess Rawson has commenced a campaign offering investors, developers and owner-occupiers an opportunity to purchase a large holding in Blackburn.

The virtual island site of approximately 7,964 sqm is located at 200-206 Whitehorse road and 2-8 Ashburn Place.

It is being offered for the first time since 1991.

The property has combined frontages of some 173 metres with more than 40,000 vehicles passing daily.

Early Settler Group has occupied the site since 2008; the company has a network of 54 stored throughout Australia and New Zealand.

The other tenant is Nationwide Towing, which is part owned by the RACV.

The combined rent is over $546,000 per annum.

The agents note one of the key qualities that will appeal to developers is that both leases include demolition clauses that can be enforced by providing the tenant 12 months notice.

Rick Silberman, Burgess Rawson development site sales manager said: “The property is within one of Melbourne’s largest retail precincts with excellent visibility and high-volume traffic.

Both the calibre of tenants and security of their respective leases demonstrates the strength of this investment proposition.”

Expressions of Interest close on Wednesday 31 October at 4pm.

To find out more about the properties in our portfolio, and how we can help you with sales, leasing and property management services, please contact us.

Originally published in the Australian Jewish News


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