3/134A Canterbury RoadBlackburn South VIC 3130
Property Details for 3/134a Canterbury Rd, Blackburn South
Last Listing description (September 2023)
Gross Waddell ICR is pleased to offer Shops 3 & 4, 134a Canterbury Road, Blackburn South For Sale.
This is the perfectly located investment to add to your property portfolio. A corner shop with great exposure close to many other retailers, supermarkets, with a proven tenant who has occupied the premises since 2017.
Shops 3 & 4, 134a Canterbury Road, Blackburn South is situated 17 kms* East of Melbourne's Central Business District. The area is well-connected by various forms of public transport, including buses and nearby train stations. Blackburn South offers a mix of residential properties, schools, parks, and local amenities, making it an attractive and convenient place to live for families and individuals alike. Additionally, the suburb boasts a range of shops, restaurants, cafes, and banks, providing residents with easy access to daily necessities and services.
Key Highlights:
Rental income: $54,749.39 p.a. +Outgoings +GST
Term: Five (5) years - commenced April 2020
Review: Fixed 4% annual increase
Options: Five (5) Years
Security Deposit: Equivalent to six (6) months' rent
Building area: 105 sqm*
Corner location for maximum exposure
Two (2) car spaces located at the rear
Located amongst Woolworths, BWS, McDonald's drive-thru and many boutique / independent retailers
Proven Tenant established 2017
To book a private inspection please contact the exclusive selling agents from Gross Waddell ICR.
*approx
Property History for 3/134a Canterbury Rd, Blackburn South, VIC 3130
- 18 Sep 2023Sold for $1,062,500
- 28 Jul 2023Listed for Sale Contact Agent
- 23 Jan 2017Listed for Rent - Price not available
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0About Blackburn South 3130
The size of Blackburn South is approximately 3.6 square kilometres. It has 17 parks covering nearly 9.7% of total area. The population of Blackburn South in 2011 was 10,585 people. By 2016 the population was 10,797 showing a population growth of 2.0% in the area during that time. The predominant age group in Blackburn South is 40-49 years. Households in Blackburn South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blackburn South work in a professional occupation. In 2011, 74.7% of the homes in Blackburn South were owner-occupied compared with 73% in 2016.
Blackburn South has 5,037 properties. Over the last 5 years, Houses in Blackburn South have seen a 26.28% increase in median value, while Units have seen a 11.21% increase. As at 31 July 2024:
- The median value for Houses in Blackburn South is $1,294,061 while the median value for Units is $825,302.
- Houses have a median rent of $600 while Units have a median rent of $600.
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