5 & 6, 159 Boronia Road, Boronia, VIC 3155

Other

Sold

  • Property ID: 381500
  • Floor Area: 104m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Shops 5 & 6 Sold N/A 104m2 N/A Contact Agent
EXCELLENT INVESTMENT

This well located double shop is on the market for sale as an investment.  The property which is known as shop 5 & 6 / 159 Boronia Road, Boronia is on one title.  The double shop is leased to Esther Sun and Rita Sun trading as Mums Burger Kitchen. The current tenants have been located at the shop for 6 years.  The tenants have a 4 year lease which commenced on the 1st of October 2019, the current rental is $20,400 per annum plus GST plus outgoings.  The lease includes 3 further option of 4 years. This smart investment is either an excellent opportunity to enter the commercial investment market or add to your portfolio.

Further features of the property include:

- Ample customer car parking
- Rear access
- Building size: 104 square metres
- Securely leased
- Walking distance to Boronia train station
- Major tenants in close proximity: Dan Murphy’s and Safeway
- Great location

Additional Information
Features
  • Lease Term: 4 years (3 further terms of 4 years remaining)
  • Rent Review: Annually
  • Car Spaces: Yes
Boronia Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4907 $223 4.55%
Offices $3457 $192 5.56%
Industrial $2144 $126 5.90%
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.

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™.
  • 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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