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5 Borrack Square 818 SF of Retail Space Available in Altona North, VIC 3025
Highlights
- The property is located in Borrack Square, a recognized neighborhood retail precinct in Altona North.
- Public transport options, including nearby bus routes and Newport Railway Station, provide good regional connectivity.
- The surrounding environment includes a mix of residential properties and commercial operators.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 818 SF | Negotiable | $23.71 /SF/YR $1.98 /SF/MO $19,399 /YR $1,617 /MO | TBD |
Ground
This shop located on busy Borrack Square in Altona North is available for lease and offers a wide range of potential uses. It is particularly suited for professionals and service providers such as physiotherapists, osteopaths, chiropractors, accountants, financial planners, and mortgage brokers. The premises also accommodate uses such as architectural or town planning offices, as well as retail and café operators. Additionally, allied health practitioners, beauticians, cosmeticians, and creative studios can find this property highly flexible, subject to council approval where required. The versatility of the space allows tenants to tailor it to their operational requirements.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Secure Storage
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 818 SF | Gross Leasable Area | 818 SF |
| Property Type | Retail |
| Total Space Available | 818 SF |
| Property Type | Retail |
| Gross Leasable Area | 818 SF |
About the Property
The property is located within Borrack Square in Altona North, a local shopping precinct positioned in Melbourne’s western suburbs. It occupies a ground-floor position among a cluster of neighborhood shops and benefits from established public transport connections, with bus routes located nearby and Newport Railway Station approximately 3.4 kilometers away. The surrounding area consists of residential housing, commercial activity, and service-based businesses that contribute to ongoing trade in the precinct. Access to the property includes frontage to pedestrian pathways and vehicular access from nearby roads. Car parking options are available within the square, providing convenience for visitors to the precinct.
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
Presented by
5 Borrack Square
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