210 Blackburn Road,
Glen Waverley, VIC 3150

Comprises a single level retail shop located in a busy and tightly held retail strip with rear access and ample public parking.

The property is leased to a high quality long standing tenant - Subway Realty Pty Ltd (not a franchise) for 5 years from June 2008 with two further 5 year options. The current rental is $36,836pa plus outgoings and GST with annual 4% increases. The property is zoned Business 1 with a site area of 204m2 providing rear access to carparking and would be suited to further development (STCA) or addition of a first floor to the existing building. A rare opportunity to purchase a fantastic retail freehold with a fantastic lease covenant and fantastic upside.

210 Blackburn Road, Glen Waverley is located on the eastern side of Blackburn Road near the corner of High Street Road with the closest major intersection being that of Blackburn Road and High Street Road. The property is located approximately 24km* east of the Melbourne CBD within the municipality of the Monash City Council. High Street and High Street Road is the major arterial road that runs from Prahran to Glen Waverley.

Blackburn Road, Glen Waverley is a tightly held local retail strip strongly serviced by the surrounding dense residential neighbourhood and thoroughfare of traffic. The strip comprises of mostly restaurants and specialty stores including a bakery, post office and pharmacy. Furthermore the property is in close proximity to the following facilities:

- A short walk to Syndal Train Station with extensive bus services within the surrounding area;
- Easy access to the Eastern and Monash Freeway (CityLink);
- Close to Recreational Facilities such as Bogong Reserve, Riversdale Golf Club and the Glenburn Tennis Club;
- Holmesglen Institute of Tafe, Waverley Private Hospital and Wesley College - Close to Centro the Glen Shopping Centre