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5/259 Blackburn Road, Doncaster East

This blue-chip investment opportunity will excite discerning investors and has the remarkable security of an existing lease with an established national franchised tenant.

  • Zone | Commercial 1
  • Lease | 6 years + 6 options of 5 years each (effectively 36 years)
  • Lease | Commenced 1st October 2013
  • Rental | $116,328.33 PA net from October 2015
  • Reviews | 4% annually
  • Bank Guarantee | $53,776.06
  • Total building area | 461m²*

    • The well-appointed existing property consists of 310m²* office/retail space, 150m²* of basement storage and an additional 57m²* of adjacent land that has been added to the title. This site, in a prime retail position, has plans and permits endorsed by council to erect a three storey commercial building plus basement. This exceptional plan exhibits state of the art design, fittings and fixtures displaying all the requirements of contemporary business needs and would provide facility for 12 car spaces.

    Sales Analysis
    Marketing Budget$12,435.64
    Sale MethodAuction
    Marketing Period5 weeks
    Sale Price$2,850,000
    Sale DateAugust 2015
    Total Enquiry52
    Sales Process
    ProcessSold at Auction
    Marketing Time Frame5 weeks
    Yield4%
    Auction Attendance200

    *approx

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