31-47 Joseph Street Blackburn North VIC 3130

Savills is pleased to offer for sale this prime office investment, located on an incredible land holding of 2.13 hectares* at 31-47 Joseph Street, Blackburn North.

This fully refurbished three-level office investment is ideally positioned within the rapidly growing eastern suburb of Blackburn North.

The key attributes of the property include:

- Substantial 3 level office building of 8,839sqm* (NLA)
- 100% leased to a mix of Government and national tenants including Ambulance Victoria, Fire Protection Authority, Arlec Australia and Optus
- Current net rental: $1,738,366 pa*
- Huge site area of 21,310sqm*
- 336 on grade car spaces
- Over 80% of the building is leased on 8-10 year terms
- Fully refurbished building offering significant depreciation benefits
- Prime eastern suburbs location providing unprecedented long term rezoning/redevelopment options (STCA)
- NABERS energy rating 2.5 stars

The opportunity to secure such a high calibre suburban office investment of this nature is extremely rare, especially when you consider the prime location, the long-term leases to the most secure of tenants and the enormous land holding. Accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.

This property is For Sale by Expressions of Interest closing Wednesday 19 August at 2pm.

For further information please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888