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163 Boronia Rd 742 SF Retail Condo Unit Offered at $399,850 in Boronia, VIC 3155
Investment Highlights
- Income-generating investment with strong long-term holding appeal
- Located within a high-traffic retail environment featuring ample onsite parking
- Offers potential for future redevelopment or repositioning strategies
Executive Summary
The property consists of a freehold retail building positioned on a large land parcel within a commercial precinct. The site includes onsite parking and benefits from surrounding retail and business activity.
1 Unit Available
Unit 12A
| Unit Size | 742 SF | Condo Use | Retail |
| Price | $399,850 | Sale Type | Investment |
| Price Per SF | $538.88 | APN/Parcel ID | RP16570 |
| Unit Size | 742 SF |
| Price | $399,850 |
| Price Per SF | $538.88 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | RP16570 |
Description
The property consists of retail units located in a shopping center that includes extensive parking and multiple tenants.
Sale Notes
This offering represents a retail condominium opportunity within a highly active shopping center featuring extensive onsite parking. The unit is currently occupied by a long-standing tenant, ensuring stable income and consistent cash flow for the future owner. With the tenant paying $1,720 per month on a net basis, this property provides a reliable revenue stream backed by a well-established presence in the center.
The shopping center itself benefits from strong accessibility and more than 150 parking spaces, supporting high customer traffic and sustained visibility for businesses. Investors can capitalize on a competitive acquisition price of $555,000, creating an accessible entry point into an income-generating retail property. This combination of location advantages and tenancy security makes the asset an attractive choice for small investors seeking predictable returns and long-term value in a retail setting.
Shop Space
Shop Space
Shop Space
Shop Space
Property Facts
| Total Building Size | 15,597 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 15,597 SF |
| Building Class | C | Lot Size | 0.78 AC |
| Total Building Size | 15,597 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 15,597 SF |
| Lot Size | 0.78 AC |
Presented by
163 Boronia Rd
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