OFF MARKET

274-276 Blackburn Road
Doncaster East VIC 3109

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 325m2
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Property Details for 274-276 Blackburn Rd, Doncaster East

Building Type
Commercial
Land Size
325m2
Local Government
Manningham
Lot/Plan
5/PS310450

Last Listing description (August 2023)

Gorman Allard Shelton 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.

Property History for 274-276 Blackburn Rd, Doncaster East, VIC 3109

A timeline of how this property has performed in the market
Last Sold
$4,775,000
24 Aug 2023
  • 24 Aug 2023
    Sold for $4,775,000
  • 26 Jul 2023
    Listed for Sale Contact Agent

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About Doncaster East 3109

The size of Doncaster East is approximately 10.9 square kilometres. It has 40 parks covering nearly 9.4% of total area. The population of Doncaster East in 2011 was 27,046 people. By 2016 the population was 28,375 showing a population growth of 4.9% in the area during that time. The predominant age group in Doncaster East is 50-59 years. Households in Doncaster East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Doncaster East work in a professional occupation. In 2011, 77.3% of the homes in Doncaster East were owner-occupied compared with 74.5% in 2016.

Doncaster East has 14,780 properties. Over the last 5 years, Houses in Doncaster East have seen a 25.52% increase in median value, while Units have seen a 30.85% increase. As at 30 September 2024:

  • The median value for Houses in Doncaster East is $1,579,198 while the median value for Units is $964,928.
  • Houses have a median rent of $700 while Units have a median rent of $620.
There are currently 70 properties listed for sale, and 17 properties listed for rent in Doncaster east on OnTheHouse. According to CoreLogic's data, 600 properties were sold in the past 12 months in Doncaster east.

Suburb Insights for Doncaster East 3109

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.