BOUNDLESS REDEVELOPMENT POTENTIAL

EOI – Leased Investment - 168-170 Boronia Road, Boronia

Investment opportunity, Development/Land (Residential, Offices, Retail)

Overview

Property ID: 18488
Price: Contact Agent
Rent: $86,936 (ex. GST)
Building: 1,090m²
Land: 1,952m²
Zoning: Commercial 1 Zone
EOI
06/05/2021 03:00 PM
Add to Calendar 06/05/2021 03:00 PM 06/05/2021 03:00 PM Australia/Melbourne EOI – Leased Investment - 168-170 Boronia Road, Boronia BOUNDLESS REDEVELOPMENT POTENTIAL Jarrod Moran jarrod.moran@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

POINT OF INTEREST:
This rare development opportunity in the heart of Boronia is for sale via Expressions of Interest, closing Thursday the 6th of May at 3pm.

Situated on a Commercial 1 Zone corner block, these two buildings sit on a total land area of 1,952 sqm* with a total building area of 1,090 sqm*. Currently providing $87,885.24 in rent per annum, the subject property provides opportunity to take advantage of the holding income whilst submitting to council for planning and permits

168-170 Boronia Road is surrounded by high density residential and commercial and perfectly positioned directly opposite Boronia Village Shopping Mall and is 700 m* to Boronia Railway Station, making this the strategic acquisition for any savvy developer.

- Total land area of 1,952 sqm*.
- Commercial 1 Zone corner block.
- $86,936.24 per annum holding income.
- Total projected income: $183,936.24 per annum (fully let).
- Opposite Boronia Village Shopping Mall.
- 700 m* to Boronia Railway Station.
- Bus routes 737, 745, 753 on your doorstep.

- 760 sqm* two level office at 168 Boronia Road.
- 330 sqm* single level building at 170 Boronia Road.
- Ample car spaces across both sites.

POINT OF VIEW:
Whether it be a new season drop from the Yarra Valley, or two buildings west of those vineyards, the point is knowing the fruitful for picking. And we know this opportunity is ripe.

*Approx.
Pricing excludes GST

Additional Info

Features
Tenancy1A, 168 Boronia Road: Serendipity (WA) Pty Ltd. 170 Boronia Road: Scope (Aust) Ltd
Lease TermSerendipity (WA) Pty Ltd: monthly tenancy. Scope (Aust) Ltd: 2 years expiring 15th February 2023 with no further options
CommencedVarious
Rent Review170 Boronia Road: 3% on the 16th February 2022
Outgoings PayableBy tenant
AvailabilityImmediate
Car SpacesAmple on site
Permits IssuedN/A
Suitable DevelopmentMixed use
Wheel Chair AccessGround level only
ZoningCommercial 1 Zone
Outgoings
Owners’ Corporation$4,014.73 p.a approx (insurance 168 only)
Council Rates$6,640.40 p.a approx
Water Rates$3,365.84 p.a approx
Land Tax$4,025 p.a approx (single holding)
Essential Safety MeasuresTBA
Other ChargesManagement fees: $720 p.a approx. Garden: $270 p.a approx. Electricity: $250 p.a approx.

Agent Details

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