JLL Capital Markets has the privilege of offering 99 Railway Road, Blackburn for sale – a true set and forget investment opportunity.

Key details include:

AAA Covenant & Land Tax Exemption

+ 100% leased to global powerhouse, The Salvation Army, being Australia’s national headquarters for the organisation

+ AAA covenant – active in 133 countries, 111,000+ global employees and an estimated $13.5bn of net assets

+ 12 year lease commenced in October 2022, having begun occupation in 2007

+ 100% land tax exempt

+ Net passing rental of $3,531,435p.a. (as at 30 September)

A First Class Building with Minimal CAPEX Requirements

+ 7,878sqm of NLA across 4-levels

+ Secure basement carparking for 204 vehicles accessible via rear laneway

+ 5.5 Star NABERS energy rating

+ $5m of recent upgrades completed

+ Permit approved for two levels of extension, with additional precedent to build up to 9-levels in total (STCA)

The Location

+ Strategic location within Blackburn’s vibrant commercial precinct, positioned 400m* from Blackburn Station

+ Positioned 100m* from Pace Development’s $150m mixed use project, as well as Box Hill’s major activity precinct just 3km* away

*All figures are approximate.

EOI CLOSED OFFERS UNDER REVIEW

To obtain further information or to arrange an inspection, please contact the JLL Capital Markets team.

Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46

Piper Dedrick | 0422 479 523

MingXuan Li 李名轩 | 0498 688 998