243 Dorset Rd 1,830 SF 100% Leased Retail Building Boronia, VIC 3155 $702,439 ($383.87/SF) 5.75% Cap Rate

243 Dorset Road in Boronia presents a dual-tenancy investment opportunity in a highly visible location along a major arterial road. Positioned just steps from the Boronia bus and train station, the property benefits from strong pedestrian and vehicular traffic, ensuring consistent exposure for its tenants. The ground floor is currently leased to Gluten 4 U Pty Ltd, a business established in 2017, with the current lease expiring in April 2026 and new lease terms and options pending. This tenancy generates an annual income of $30,172.68 plus outgoings.
The first floor is occupied by Bee Brazilian, a tenant trading since 2005, with a lease in place until March 2028, contributing $25,923.36 per annum plus outgoings. Combined, the property delivers a total net income of $56,096.04 plus outgoings (excluding land tax). Both tenants have demonstrated long-term stability, providing a secure income stream for investors.
With its main road frontage, proximity to public transport, and established tenant base, this property offers a compelling opportunity for investors seeking a well-located asset with reliable returns in Melbourne’s eastern growth corridor.