214-218 Whitehorse RoadBlackburn VIC 3130
Property Details for 214-218 Whitehorse Rd, Blackburn
Last Listing description (July 2022)
Stonebridge Property Group is delighted to present for sale Rugs Galore, a highly convenient large format retail offering located within the Blackburn-Nunawading 'Mega Mile'.
The key highlights of the opportunity include:
- A 'Mega Mile' large format retail store 100% leased by longstanding and well-known tenant of 20+ years Rugs Galore
- Benefiting from a vendor favoured 7-year lease with fixed 3% annual rental increases
- Rugs Galore, originally established in 1989, are a household name with vast online network and in-store offering (Blackburn being their Flagship store)
- The high exposure 831 sqm* building enjoys 64 m* of corner frontage, a major tenant advantage providing exposure to the 30,000* vehicles that pass by daily
- An added level of convenience is provided through 30+ customer car parks & multiple points of entry/exit from the busy Whitehorse Road
- The City of Whitehorse Mega Mile is regarded one of the strongest trading precincts in Victoria with <2.0% vacancy across the 113,000 sqm+ of retail space
- The 'Mega Mile' is the 2nd largest large format retail precinct in Melbourne and the 7th largest nationally^
- Blackburn's economy and population is set to benefit from the $9.3* billion* Suburban Rail Loop development, improving accessibility and overall convenience
*Approximate
^Herald Sun
Rugs Galore is offered for sale via Public On-Site Auction Thursday 28th July 2022 at 2:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge property group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
Property Code: 459
Property History for 214-218 Whitehorse Rd, Blackburn, VIC 3130
- 30 Jun 2022Listed for Sale Contact Agent
- 25 May 2017Listed for Rent - Price not available
Recent sales nearby
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About 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 8,856 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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