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FOR SALE VIA INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING THURSDAY 24TH OCTOBER AT 5.00PM
( E X P. 2 0 3 1 )( E X P. 2 0 2 5 )
FUTURE VALUE ADD UPS IDE Strong Trading Metropolitan Investment With
C O R N E R F L O R I S T O N R O A D & C H A N D L E R R O A D
( N O S P E C I A LT Y S H O P R I S K )
Lease expiry
2025Under-rented at
$108/sqmGLA
2,942sqm*Brand new
12 year lease
DO R S E T ROAD
FLO R I STO N ROAD
BO
RO
NIA
RO
AD
CHANDLER ROAD
GLA
7,182sqm*
FUTURE UPSIDE POTENTIAL
(refer to agents for more info)
TOTAL GLA 10,124sqm*
Multi deck car park Part held in body corporate
N E T L E A S E S T O
Substantially under-rented Kmart ($108 psm*) providing
value-add upside
Access to over 325 at grade car spaces directly
in front, in addition to 700 plus in the adjoining
multilevel car park
Secure net leases
to Coles Supermarket (exp 2031) and Kmart
(exp 2025)
Servicing a vast catchment area of 91,070 residents, forecast to
reach 99,500 by 2031**
Net income of $2,050,000
per annum*
INCOME BREAKDOWN
Dominant Coles (2,942sqm*) & Kmart (7,182sqm*) positioned in the heart of Boronia
Recent refurbishment providing depreciation benefits
34%5%
61%
other
FOR MORE INFORMATION PLEASE CONTACT THE EXCLUSIVE SALES AND MARKETING AGENTS:
1300 666 888 | CBREMELBOURNE.COM.AU
*Approximately. The information in this document is general in nature and is a guide only. It does not take into account your individual circumstances. Before acting you should check the accuracy of the information and seek your own independent financial and legal advice. The information must not be relied upon to make any investment decisions. The principal and its agent will not be liable for your failure to verify the information or seek appropriate advice. **Source: Real Estate Institute of Victoria
MARK WIZEL+61 411 694 756 [email protected]
JUSTIN DOWERS+61 438 098 805 [email protected]
KEVIN TONG+61 422 848 818 [email protected]
Forms part of Dorset Road retail strip (100m*)
Surrounded by new office and residential developments
Boronia Train Station only a short 200m* walk
DO R S E T ROAD
FLO R I STO N ROAD
BO
RO
NIA
RO
ADC
HA
ND
LER
RO
AD
100% leased to Coles and Kmart^
12 & 6 year lease terms
access to 1,000 car spaces*
Boronia Station (200m*)
Multi-level car park Part held in body corporate
C O R N E R F L O R I S T O N R O A D & B O R O N I A R O A D
( N O S P E C I A LT Y S H O P R I S K )
^ Excluding Telecommunications Income
