98 Railway RoadBlackburn VIC 3130
Property Details for 98 Railway Rd, Blackburn
Last Listing description (July 2022)
Crabtrees Real Estate are excited to offer 98 Railway Road, Blackburn for Private Sale.
Positioned amongst the bustling Blackburn Village shopping precinct and only moments from the renowned "Mega Mile", this evolving location offers an immediate income, coupled with exceptional future development upside with the potential for 3-4 levels being supported in this location (STCA).
Investment Details:
+ Three (3) year lease from 21st May 2021
+ Returning $38,616 per annum (net)
+ 3% annual rent increases
Property Details:
+ 147 sqm superb retail/office space
+ 134 sqm of land with rear ROW access
+ Commercial 1 Zoned
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW.
Property History for 98 Railway Rd, Blackburn, VIC 3130
- 29 Jun 2021Listed for Sale CONTACT AGENT
- 09 Mar 2018Listed for Rent - Price not available
- 22 Oct 2009Sold for $509,000
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 8,861 properties. Over the last 5 years, Houses in Blackburn have seen a -0.85% decrease in median value, while Units have seen a 4.65% increase. As at 31 March 2026:
- The median value for Houses in Blackburn is $1,609,462 while the median value for Units is $813,906.
- Houses have a median rent of $695 while Units have a median rent of $580.
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