146-148 Whitehorse Road

Blackburn VIC 3130

Lease Expiry Oct '24, no further options
Occupy, Invest or Develop
Mulcahy Butera together with Killen Thomas, are delighted to offer for sale by public auction 146-148 Whitehorse Road Blackburn.

In what can be best described as a major commercial opportunity in the heart of Blackburn, this property has been home, initially to 'Billia Volvo' then to 'Lexus of Blackburn,' since its construction in 1998.

With an invaluable Commercial 1 Zone and versatile improvements, this property represents a true opportunity for future Occupiers, Investors or Developers looking to capitalize on the significant residential and commercial catchment the local geography is now home to.

Key highlights:

Fantastic high profile suburban location

Prominent street frontage to both Whitehorse Road, Chapel Street and a rear cobblestone lane way

2024 Lease expiry - providing short term holding income plus future occupation flexibility

Freehold Title

Commercial 1 Zone

IMPROVEMENTS

As a vehicle showroom, workshop and basement, these versatile improvements provide a Whitehorse Rd fronting Showroom with floor to ceiling glass together with a customer concierge at ground level and a suspended mezzanine above with offices, boardroom and amenities. Internal walkways provide access to the warehouse/workshop which features clear span construction, excellent height, natural light and above ground, a walkway leading to workshop staff amenities and lunchroom.

On the ground level of this area, there is an internal staircase which leads down to the basement as well as a car lift which provides vehicle delivery from the basement to the workshop/showroom.

The basement houses 24 car parks and has a secure roller door facing Chapel Street. The property is also well serviced by an outdoor hardstand/display area fronting Chapel street with roller door access to workshop/warehouse. The property has the added benefit of a rear lane way.

DUE DILIGENCE MATERIAL

146-148 Whitehorse Road Blackburn has a lease in place to 'Mooreles Pty Ltd trading as Lexus of Blackburn'. Its' expiry is the 31st October 2024 with no further options. The current passing rental is $432,000 per annum.


A copy of the lease document combined with the Vendor Statement and Contract of Sale are available on request.

CONCLUSION

146-148 Whitehorse Road Blackburn represents a high profile purchase opportunity within the eastern suburbs corridor of metropolitan Melbourne.

With holding income until October 2024 the opportunity to occupy, invest or develop this rare corner is worthy of genuine consideration.Rent

We highly recommend your consideration of this opportunity.

For further information or to arrange an inspection contact the Agents