AN INVESTMENT A CUT ABOVE

Sale Details

Sold on 06 Dec 2023 for $450,000

Description

POINT OF INTEREST:

A leased retail asset with exposure hinted in the address, this Blackburn prize is a clever entry-level investment or portfolio addition. Leased to Bloom Hair Pty Ltd but trading as HALO good hair day, the salon has renewed its 3-year agreement at a rate of $22,000 per annum plus GST and outgoings. And fair enough; the 53 sqm* building is perfectly positioned in Blackburn’s centre, almost on the corner of South Parade and seconds away from the Railway Station — and therefore the commuting traffic. There’s a kitchenette, amenities, heating and cooling, and plenty of communal and street parking available too. Sandwiched between two highly-rated eateries, your Main road frontage is as valuable as your distance to major arterials like Whitehorse Road, Springvale Road, and Canterbury Road.

- Leased to Bloom Hair Pty Ltd T/A HALO. good hair day
- Recently renewed 3 year lease from 1st December 2023
- $22,000 p.a + GST + outgoings from 1st December 2023
- Established hair salon with a 5 star google rating
- First time offered in 34 years
- 53 sqm* total building area
- 200 m* to Blackburn Railway Station
- 300 m* to Whitehorse Road

POINT OF VIEW:

Windows of opportunity into the commercial market are few and far between, making this Blackburn shopfront your key to opening more doors.

*Approx.
Pricing excludes GST