Seize this unique opportunity to invest, occupy, landbank, or develop in one of Blackburn's most sought-after central locations, directly opposite the main transport hub. This prime property spans two separate titles, offering a combined land area of 714 m².
Key Features:
Land Area: 714 m² (2 separate titles)
Gross Building Area: 1,184 m² (approx.)
Gross Lettable Area: 624 m²
Zoning: Commercial 1, DD-08
Car Spaces: 22 undercroft parking spaces
Investment Highlights:
Potential Income: $170,000 p.a.* (*approx. fully let.)
Current Income: The property is currently 50% leased, generating $90,000 p.a. net with a lease expiring on 28-2-2026, including a 3-year option.
This property offers incredible potential for investors looking for a secure income stream, businesses seeking a prime central location, or developers aiming to maximize the value of this rare landholding. Don't miss out on this exceptional opportunity to secure a versatile asset in a thriving commercial precinct.
Information Memorandum available on request which includes a schematic concept for a proposed development option by renowned architects DP Toscano.
