274-276 Blackburn RoadDoncaster East VIC 3109
Property Details for 274-276 Blackburn Rd, Doncaster East
Last Listing description (August 2023)
Gorman Allard Shelton is pleased to offer this rare opportunity to purchase a stand-alone pharmacy freehold investment on a long 10 year lease. The property has been occupied as Chandra Pharmacy for approximately 50 years.
274-276 Blackburn Road, Doncaster East is being sold via public auction on Thursday 24th August at 12 noon on-site.
Key property features include:
* Long lease to 30 June 2032
* Current rent: $225,752 pa + GST and outgoings
* Land area: 326 sqm approx. with rear on-site parking for eight (8) cars
* Double fronted retail building of 275 sqm approx.
* Strong performing retail strip shopping village
Located within the tightly held and thriving Donbun Village shopping precinct surrounded by restaurants, cafes, medical and professional service businesses in Melbourne's eastern suburbs.
Property History for 274-276 Blackburn Rd, Doncaster East, VIC 3109
- 24 Aug 2023Sold for $4,775,000
- 26 Jul 2023Listed for Sale Contact Agent
Recent sales nearby
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0About Doncaster East 3109
The size of Doncaster East is approximately 10.9 square kilometres. There are 40 parks, covering nearly 9.4% of the total area. The population of Doncaster East in 2016 was 28360 people. By 2021 the population was 30926 showing a population growth of 9.0% in the area during that time. The predominant age group in Doncaster East is 40-49 years. Households in Doncaster East are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Doncaster East work in a professional occupation.In 2021, 73.20% of the homes in Doncaster East were owner-occupied compared with 74.50% in 2016.
Doncaster East has 15,143 properties. Over the last 5 years, Houses in Doncaster East have seen a -0.61% decrease in median value, while Units have seen a 5.65% increase. As at 31 July 2026:
- The median value for Houses in Doncaster East is $1,467,671 while the median value for Units is $878,722.
- Houses have a median rent of $800 while Units have a median rent of $700.
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