Sold with a 4.1% Yield
Continuing the recent success of Gorman Commercial, Wednesday the 16th of March saw the sale of Shop 8 28-30 Blackburn Road, Blackburn at auction, resulting in a strong 4.1% yield. Located within the Blackburn Village shopping precient, the 68 square metre property features great exposure and access from major thoroughfares and rail. The Shop comprises an Optometrist Practice, who has been a staple in the area since 1997, currently in a new 3 + 3 year lease with a rent of $24,495 per annum. Overall, the suburb of Blackburn has seen considerable growth in recent years with a median house price over $1 million.