164 Boronia Road, Boronia, VIC 3155

Investment | Other | Offices

For Sale $2,000,001

  • Property ID: 318048
  • Floor Area: 624m²
  • Occupancy: Vacant
Solid Investment

I am delighted to offer this property for sale.
Located on Boronia Road, only minutes walk to the bus and train station, this property offers flexibility to an investor who may also wish to occupy one of the office suites. The property consists of 4 spacious suites, each with partitioned offices, air conditioning, bathroom and kitchen facilities and allocated car parking. The basement parking has 26 car spaces, 2 of which are storage units and is secured by a large gate for added security.  The property is offered as a whole but each suite has its own title.

Unit 1 = 186 sqm
Five year lease expiry 31st December 2024
Plus five year option term
Annual reviews

Unit 2 = 119 sqm
Three year lease expiry 31st December 2024
Plus five year option term
Annual reviews

Unit 3 = 200 sqm
Currently unoccupied

Unit 4 = 119 sqm
Brand new three year lease expiring October 2021
Plus 2 options of three years
Annual rent reviews

Nett annual rental of $84,696.00 plus potential rental for suite 3 of $35,000.00 = $119,696 pa plus outgoings.

For further information or to arrange an inspection, please telephone Michelle Lanigan on 0417 361 161.

Additional Information
Features
  • Lease Term: Varied
  • Rent Review: annual
  • Car Spaces: allocated per suite
  • Air Conditioning: yes
  • Roller Doors: yes
  • Lifts: no
  • Car Parking Fees: included in rental
Outgoings
  • Water Rates: payable by tenant
  • Council Rates: payable by tenant
  • Owners Corp. / Insurance: payable by tenant
Boronia Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3430 $194 5.66%
Industrial $2144 $115 5.37%
Offices $3618 $183 5.05%
This is the average advertised price, rent and yield for Boronia, VIC 3155*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Michelle Lanigan Commercial & Industrial

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 164 Boronia Road, Boronia, VIC 3155. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 164 Boronia Road, Boronia, VIC 3155. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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