SOLD
Sold on 27 Oct 2023 for $2,560,000

13 Terra Cotta Drive
Blackburn VIC 3130

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 924m2
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Property Details for 13 Terra Cotta Dr, Blackburn

Building Type
Commercial
Land Size
924m2
Local Government
Whitehorse
Lot/Plan
10/PS319103

Last Listing description (October 2023)

CBRE is delighted to offer for the first time in over 30 years, a rare freehold property for sale via Public Auction on Thursday 26th October at 2:30pm (unless sold prior).

Rarely a building of this quality is offered for sale in Whitehorse, do not miss the opportunity to add this asset to your investment portfolio as the jewel in the crown.


Located in the tightly held Blackburn Industrial Precinct, the site offers exceptional access to main arterials including the Eastern Freeway, Springvale Road and Whitehorse Road.

The site also benefits from being surrounded by an abundance of amenity being within meters of the Golden Mile which is home to over 265 businesses including shopping centres Home HQ and Brand Smart. Major occupiers in the area include Lexus, Nissan, Fantastic Furniture, Officeworks, Freedom Furniture and Bunnings Warehouse.

Key Property Features Include:

13 Terra Cotta Drive, Blackburn:
+ 289sqm* first level corporate office with kitchenette and staff amenities
+ 574sqm* warehouse space
+ 863sqm* total building area
+ 924sqm* total land area
+ Two (2) on-grade roller doors
+ Dual entrance via King Street and Terra Cotta Drive
+ Ample on-site car parking
+ Returning $109,373 per annum + GST & Outgoings
+ Leased to Oz Design Furniture until October 2026 with 1 x 4-year option
+ Current rental level of $126/m2 p.a is considered well below market levels with the ability to capture significant positive rental reversion in 3 years

Location details:
+ Whitehorse Road - 170m*
+ Springvale Road 1.2km
+ M3 Eastern Freeway 2.7km*
+ Nunawading Train Station 1km*

For further information or to arrange an inspection, please contact the listed agents.

*Approx.

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Property History for 13 Terra Cotta Dr, Blackburn, VIC 3130

A timeline of how this property has performed in the market
Last Sold
$2,560,000
27 Oct 2023
Listed for Rent
19 Jan 2018
  • 27 Oct 2023
    Sold for $2,560,000
  • 22 Sep 2023
    Listed for Sale Contact Agent
  • 20 Oct 2017
    Listed for Rent - Price not available
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About Blackburn 3130

The size of Blackburn is approximately 5.9 square kilometres. It has 23 parks covering nearly 12% of total area. The population of Blackburn in 2011 was 12,795 people. By 2016 the population was 13,927 showing a population growth of 8.8% in the area during that time. The predominant age group in Blackburn is 40-49 years. Households in Blackburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blackburn work in a professional occupation. In 2011, 76.7% of the homes in Blackburn were owner-occupied compared with 72.3% in 2016.

Blackburn has 8,444 properties.

    There are currently 16 properties listed for sale, and 6 properties listed for rent in Blackburn on OnTheHouse. According to CoreLogic's data, 318 properties were sold in the past 12 months in Blackburn.

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