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69 Boronia Road 1,001 - 2,701 SF Office Condo Units Offered at $259,362 - $936,585 Per Unit 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.
3 Units Available
Unit 3
| Unit Size | 1,001 SF | Sale Type | Investment |
| Price | $259,362 | Cap Rate | 5.06% |
| Price Per SF | $259.10 | NOI | $13,133.08 |
| Condo Use | Office | APN/Parcel ID | 3\RP10664 |
| Unit Size | 1,001 SF |
| Price | $259,362 |
| Price Per SF | $259.10 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| NOI | $13,133.08 |
| APN/Parcel ID | 3\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
Michelle Lanigan Real Estate presents an established investment opportunity in the vibrant Boronia retail precinct. Shop 3 at 69 Boronia Road, currently leased to Barry Plant Real Estate—a leading name in Australia’s residential property sector—has been a long-term occupied site since the 1980s. The tenant has consistently maintained and upgraded the premises to align with contemporary workplace standards, ensuring both staff and client spaces remain modern and welcoming.
The property benefits from exceptional connectivity, positioned within easy walking distance of key transport options, including Boronia train and bus stations. Its high-profile location is supported by surrounding major retailers such as Kmart, Coles, and other well-known operators, creating a strong retail synergy and consistent pedestrian activity in the area. The asset is underpinned by a favorable lease structure, returning $18,229 per annum plus outgoings, on a 5-year term with an additional 5-year option and annual rent reviews. This offering provides reliable income in a tightly held market, presenting a compelling investment for purchasers seeking security and long-term growth in an established commercial hub.
Reception Area
Unit 3 & 4
| Unit Size | 2,701 SF | Sale Type | Investment |
| Price | $936,585 | Cap Rate | 4.91% |
| Price Per SF | $346.75 | NOI | $46,011.54 |
| Condo Use | Office | APN/Parcel ID | 3\RP10664, 4\RP10664 |
| Unit Size | 2,701 SF |
| Price | $936,585 |
| Price Per SF | $346.75 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| NOI | $46,011.54 |
| APN/Parcel ID | 3\RP10664, 4\RP10664 |
Description
This 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.
Sale Notes
This dual-shop property at 69 Boronia Road presents a rare investment opportunity in the heart of Boronia’s thriving commercial precinct. Currently occupied by Barry Plant Real Estate, a nationally recognized residential real estate brand, the property benefits from a long-standing tenancy dating back to the 1980s. The tenant has invested significantly in renovations over the years, ensuring a modern, functional environment that aligns with current market standards.
The property comprises two adjoining shops that can be sold together or separately, offering flexibility for investors. Interior features include a welcoming reception area, multiple client meeting rooms, private offices, a boardroom/training room, staff lunchroom, and male and female restrooms. Rear onsite parking adds convenience for staff and visitors.
Located within walking distance of Boronia Train Station, bus services, and major retailers such as K-Mart, Coles, and The Boronia Hotel, the property enjoys strong connectivity and high local amenity. The investment is underpinned by a secure lease structure returning $63,865 per annum plus outgoings, with a 5-year term and a 5-year option, including annual reviews. This asset offers stable income and long-term growth potential in a well-established suburban hub.
Reception Area
Reception
Waiting ARea
Conference Room
Unit 4
| Unit Size | 1,700 SF | Sale Type | Investment |
| Price | $673,621 | Cap Rate | 5.02% |
| Price Per SF | $396.25 | NOI | $33,797.75 |
| Condo Use | Office | APN/Parcel ID | 4\RP10664 |
| Unit Size | 1,700 SF |
| Price | $673,621 |
| Price Per SF | $396.25 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| NOI | $33,797.75 |
| 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.
Reception
Waiting ARea
Conference Room
Property Facts
| Total Building Size | 2,314 SF | Floors | 1 |
| Property Type | Office | Typical Floor Size | 2,314 SF |
| Building Class | C | Lot Size | 0.06 AC |
| Total Building Size | 2,314 SF |
| Property Type | Office |
| 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
Presented by
69 Boronia Road
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