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SOLD

274-276 Blackburn Road, Doncaster East, VIC, 3109

Properties / Sold / Victoria / Doncaster East

Tenanted Investment

1. Property Summary

Selling Method

SOLD

Selling Details

SOLD

Land Area

326 m² (*approx)

Floor Area

275 m² (*approx)

Property Type

Retail, Child/Healthcare

Terms

Long lease to 30 June 2032

Est. Income

$225,752 p/a

Fully Leased

Chandra Pharmacy

Car Spaces

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2. Property Highlights

10 YEAR LEASE TO ESTABLISHED PHARMACY

Land Area: 326 sqm approx.
Net Rent: $225,752 pa plus GST
Building Area: 275 sqm approx.

Gorman Commercial is pleased to offer this rare opportunity to purchase a stand-alone pharmacy freehold investment on a long 10 year lease. The property has been occupied as Chandra Pharmacy for approximately 50 years.

274-276 Blackburn Road, Doncaster East is being sold via public auction on Thursday 24th August at 12 noon on-site.

Key property features include:

* Long lease to 30 June 2032

* Current rent: $225,752 pa + GST and outgoings

* Land area: 326 sqm approx. with rear on-site parking for eight (8) cars

* Double fronted retail building of 275 sqm approx.

* Strong performing retail strip shopping village

Located within the tightly held and thriving Donbun Village shopping precinct surrounded by restaurants, cafes, medical and professional service businesses in Melbourne's eastern suburbs.

Remember to mention you found this property on CommercialReady

Property Type

Retail, Child/Healthcare

Est. Income

$225,752 p/a

Tenant

Chandra Pharmacy

Terms

Long lease to 30 June 2032

Land Area

326 m² (*approx)

Floor Area

275 m² (*approx)

Car Spaces

Selling Method

SOLD

Auction Date

24 Aug 2023 12:00PM

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Selling Details

SOLD

2. Property Highlights

10 YEAR LEASE TO ESTABLISHED PHARMACY

Land Area: 326 sqm approx.
Net Rent: $225,752 pa plus GST
Building Area: 275 sqm approx.

274-276 Blackburn Road, Doncaster East is being sold via public auction on Thursday 24th August at 12 noon on-site.

Key property features include:

* Long lease to 30 June 2032

* Current rent: $225,752 pa + GST and outgoings

* Land area: 326 sqm approx. with rear on-site parking for eight (8) cars

* Double fronted retail building of 275 sqm approx.

* Strong performing retail strip shopping village

Located within the tightly held and thriving Donbun Village shopping precinct surrounded by restaurants, cafes, medical and professional service businesses in Melbourne's eastern suburbs.

Remember to mention you found this property on CommercialReady