168 Whitehorse RoadBlackburn VIC 3130
Property Details for 168 Whitehorse Rd, Blackburn
Last Listing description (May 2023)
Burgess Rawson is delighted to offer to the market the Daiku Restaurant at 168 Whitehorse Road, Blackburn VIC for sale via Investment Portfolio Auction 160
The property has the following investment highlights:
+ Long 10-year lease to August 2032 plus options to 2042
+ Landlord favourable net lease terms with tenant paying all usual outgoings
+ Annual fixed 3% rent increases, assuring rental growth
+ Immaculate 358sqm* corner premises with expansive 'Golden Mile' frontage and exposure
+ Extra-large outdoor dining licence agreement for exclusive use by tenant
+ On premises liquor licence
+ Security bond plus personal guarantees
+ Brand-new high-quality tenant fit-out
+ 3 secure basement car spaces on-title
+ New construction offering significant depreciation benefits
+ Perfectly positioned within the award winning Pace Group's Pace of Blackburn development, incorporating 289 apartments (98% sold), and complemented by supporting commercial users including Supermarket, Jellis Craig, Uniting, UBX Boxing + Strength, Cignall, Talon's Nail Salon
+ Pace of Blackburn, delivered by Pace Development Group who have delivered more than 100 projects across Melbourne
+ Only 600m from Blackburn Train Station and 2km from the Eastern Freeway
+ Whitehorse Road: major eastern suburbs arterial with an average of 37,000 vehicles passing daily**
+ Surrounded by important social infrastructure including 9 schools servicing over 8,000 full-time students within a 2.5km radius**
+ Blackburn: established Metro Melbourne suburb, population forecast to grow 25% by 2031***
+ Net Income: $128,160 pa* + GST
To be sold via Investment Portfolio Auction:
10:30am (AEST) Wednesday 10 May 2023
Crown Casino River Room
*Approx
**Gap Maps
***Urbis
Property History for 168 Whitehorse Rd, Blackburn, VIC 3130
- 10 May 2023Sold for $2,350,000
- 13 Apr 2023Listed for Sale Price on Request
Recent sales nearby
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0About Blackburn 3130
The size of Blackburn is approximately 5.9 square kilometres. It has 23 parks covering nearly 12.0% of total area. The population of Blackburn in 2016 was 13940 people. By 2021 the population was 14478 showing a population growth of 3.9% in the area during that time. The predominant age group in Blackburn is 40-49 years. Households in Blackburn are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Blackburn work in a professional occupation.In 2021, 72.00% of the homes in Blackburn were owner-occupied compared with 72.30% in 2016.
Blackburn has 8,855 properties. Over the last 5 years, Houses in Blackburn have seen a 9.00% increase in median value, while Units have seen a 18.82% increase. As at 31 December 2025:
- The median value for Houses in Blackburn is $1,626,168 while the median value for Units is $842,932.
- Houses have a median rent of $650 while Units have a median rent of $550.
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