Position, Position, Position – Investors Bid Strongly in Blackburn Village

Tom Maule and Nathan May of Gorman Commercial sold 3-5 Blackburn Road, Blackburn to a local investor for $1,605,000 under spirited bidding at auction. “The excellent position in the highly sought-after Blackburn Village retail precinct proved popular with local investors,” commented Tom Maule. The property currently leased to a boxing gym sold on a 3.5% yield and building rate of $6,319 psm.