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SOLD

168-170 Boronia Road, Boronia, VIC 3155

Properties / Sold / Victoria / Boronia

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Other

Land Area

1,952 m² (*approx)

Selling Method

EOI: Contact Agent

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2. Property Highlights

BOUNDLESS REDEVELOPMENT POTENTIAL

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

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