B1/162 Whitehorse Road Blackburn VIC 3130

Burgess Rawson are delighted to offer to the market the 'Jefferies' Supermarket located at B1, 162 Whitehorse Road, Blackburn VIC for sale via Investment Portfolio Auction 172.

The property has the following key investment highlights:

+ Long Fifteen (15) year lease to Jefferies to September 2038 plus options to 2053.
+ Jefferies: proven and successful high-end supermarket operator with three-decades of experience.
+ Premier 1,009sqm* A-grade supermarket and liquor premises with 45 car spaces on title.
+ New and extensive $3 million tenant fit out with areas for grocery, deli, café, liquor, florist and more.
+ Recent build offering significant tax depreciation benefits.
+ Annual fixed 3.5% rent increases, ensuring income growth.
+ 6-month bank guarantee plus personal guarantee.
+ Strategic captive customer position: anchoring the award-winning, 100% occupied 'Pace of Blackburn' precinct and surrounded by 289 apartments (fully sold).
+ Complemented by supporting users Jellis Craig, Uniting, Cuto Kids Café, Echo Australia, Sapore Café and more.
+ High-exposed corner position, only 500 metres* from Blackburn Railway Station and under 100 metres* away from Whitehorse Road ('The Mega Mile') with 37,000 vehicles passing daily. (1)
+ Blackburn: affluent Metro-Melbourne suburb, with a median house price of $1.561M. (2)
+ City of Whitehorse: booming LGA with population forecast to increase 31% to 234,277 residents by 2046. (3)
+ Net Income: $309,525 pa* + GST

To be sold via Private Treaty.

* Approx
(1) GapMaps
(2) ***
(3) Forecast.id