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69 Boronia Road 1,700 SF Office Condo Unit Offered at $616,104 in Boronia, VIC 3155
Investment Highlights
- Long-term tenant with occupancy dating back to the 1980s.
- Secure five-year lease with a five-year option and annual rent reviews.
- Net rental income of $46,912 per annum plus outgoings.
- Positioned near Boronia train station, bus services, and major retail amenities.
Executive Summary
The office property is located on Boronia Road and forms part of a local commercial strip within Boronia. Public transportation is available via nearby bus and train connections.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 4\RP10664 |
| Cap Rate | 5.45% |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| APN/Parcel ID | 4\RP10664 |
Description
The office strata is located on Boronia Road and forms part of a local commercial strip within Boronia. Public transportation is available via nearby bus and train connections.
Sale Notes
Shop 4 at 69 Boronia Road presents an outstanding retail investment opportunity with a secure long-term tenancy in place. Occupied by Barry Plant Real Estate—a leading Australian residential agency—since the 1980s, this property boasts exceptional tenant stability and a proven trading history. Over the years, the premises have undergone extensive renovations carried out by the tenant to align with evolving market trends and create a high-quality workspace for both staff and clients.
Located in the vibrant Boronia commercial precinct, the property enjoys excellent accessibility to major amenities. It is within walking distance to the Boronia bus and train stations, offering convenient public transport options. The surrounding area is anchored by national and local retailers, including Coles, K-Mart, and the Boronia Hotel, supporting strong foot traffic and business activity.
Offering a five-year lease with a five-year option, returning $46,912 net per annum plus outgoings, this asset is complemented by annual rent reviews. Sold as a going concern, with no GST applicable, this property represents a secure and attractive investment in a well-established suburban hub.
Located in the vibrant Boronia commercial precinct, the property enjoys excellent accessibility to major amenities. It is within walking distance to the Boronia bus and train stations, offering convenient public transport options. The surrounding area is anchored by national and local retailers, including Coles, K-Mart, and the Boronia Hotel, supporting strong foot traffic and business activity.
Offering a five-year lease with a five-year option, returning $46,912 net per annum plus outgoings, this asset is complemented by annual rent reviews. Sold as a going concern, with no GST applicable, this property represents a secure and attractive investment in a well-established suburban hub.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4 | 1,700 SF | Office | $616,104 ($362.41/SF) | $33,607.76 |
Unit 4
| Unit Size |
| 1,700 SF |
| Condo Use |
| Office |
| Price |
| $616,104 ($362.41/SF) |
| NOI |
| $33,607.76 |
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Unit 4
| Unit Size | 1,700 SF |
| Condo Use | Office |
| Price | $616,104 ($362.41/SF) |
| NOI | $33,607.76 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| APN/Parcel ID | 4\RP10664 |
| Description | |
| The office strata is located on Boronia Road and forms part of a local commercial strip within Boronia. Public transportation is available via nearby bus and train connections.</li></ul> | |
| Sale Notes | |
| Shop 4 at 69 Boronia Road presents an outstanding retail investment opportunity with a secure long-term tenancy in place. Occupied by Barry Plant Real Estate—a leading Australian residential agency—since the 1980s, this property boasts exceptional tenant stability and a proven trading history. Over the years, the premises have undergone extensive renovations carried out by the tenant to align with evolving market trends and create a high-quality workspace for both staff and clients.<br> <br> Located in the vibrant Boronia commercial precinct, the property enjoys excellent accessibility to major amenities. It is within walking distance to the Boronia bus and train stations, offering convenient public transport options. The surrounding area is anchored by national and local retailers, including Coles, K-Mart, and the Boronia Hotel, supporting strong foot traffic and business activity.<br> <br> Offering a five-year lease with a five-year option, returning $46,912 net per annum plus outgoings, this asset is complemented by annual rent reviews. Sold as a going concern, with no GST applicable, this property represents a secure and attractive investment in a well-established suburban hub.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,314 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 2,314 SF |
| Building Class | C | Lot Size | 0.06 AC |
| Total Building Size | 2,314 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 2,314 SF |
| Lot Size | 0.06 AC |
Amenities
- Conferencing Facility
- Signage
- Reception
- Natural Light
- Recessed Lighting
- Hardwood Floors
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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69 Boronia Road
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