BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Leased Investment with Future Development Upside\nRWC Oakleigh is pleased to present 31-39 Erica Avenue\, Boronia\, VIC 3155 to market via Expressions of Interest closing Friday 12th June at 3:00pm.\n\nOfferi ng a substantial mixed-use landholding directly opposite Boronia Train St ation\, surrounded by established retail\, dining and transport infrastru cture.\nStrategically positioned within the Boronia Activity Centre\, thi s is one of the few large-scale\, permit-endorsed sites remaining in the precinct - ideal for developers seeking a ready-to-commence project or in vestors securing a landmark holding in Melbourne's thriving eastern corri dor.\n\nOccupying an expansive 2\,315m² of land* with an existing 1\,500m ² building*\, the property is currently improved by a high-clearance comm ercial facility leased by Busy Bodies Gym on a 5-year lease that commence d on the 1st of July 2024 with an additional 5-year term. Providing holdi ng income of $166\,400* per annum plus GST and Outgoings.\n\nZoned Mixed Use (MUZ)\, the property is supported by approved and endorsed plans for a multi-storey residential development designed by Ratio Consultants. The scheme includes thoughtfully designed apartments centred around a commun al atrium courtyard\, contributing to Boronia's transition toward a more vibrant\, high-amenity urban precinct.\n\nKey Details:\n\n Land Area: 2\, 315 m²*\n Building Area: 1\,500m²*\n Mixed Use Zone (MUZ)\n $166\,400* pe r annum net rent\n 5-year term commenced 1/7/2024\n 1 Additional 5-year t erm\n Approved planning permit & endorsed plans (Ratio Consultants)\n Hig hly accessible location opposite Boronia Train Station\n Surrounded by es tablished retail\, dining & community amenity\n Exceptional scope for fut ure development (STCA)\n\nInspection Times:\n\n Friday 22nd May | 12:00pm - 12:30pm\n Friday 29th May | 12:00pm - 12:30pm\n Friday 05th June | 12: 00pm - 12:30pm\n Friday 12th June | 12:00pm - 12:30pm (EOI Closing date)\ n\nFor further information please contact one of the exclusive marketing agents below:\n\nGeorge Kelepouris | 0425798677\nJonathan On | 0479003122 \n\n* All areas and figures approx only. All boundaries are indicative on ly. All precaution has been taken to establish the accuracy of all inform ation but does not constitute any representation by the Vendor or Agents. DTEND:20260612T150000 DTSTAMP:20260512T131101Z DTSTART:20260612T150000 SEQUENCE:0 SUMMARY:Expression Of Interest: 31-39 Erica Avenue\, Boronia VIC UID:CRE-2020412162-EOI X-ALT-DESC;FMTTYPE=text/html:< title>

Leased Investment with Future Devel opment Upside
RWC Oakleigh is pleased to present 31-39 Erica Avenue \, Boronia\, VIC 3155 to market via Expressions of Interest closing Frida y 12th June at 3:00pm.\n
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Offering a substantial mixed-use landholding directly opposite Boronia Train Station\, surrounded by estab lished retail\, dining and transport infrastructure.\n
Strategicall y positioned within the Boronia Activity Centre\, this is one of the few large-scale\, permit-endorsed sites remaining in the precinct - ideal for developers seeking a ready-to-commence project or investors securing a l andmark holding in Melbourne's thriving eastern corridor.\n
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Occupying an expansive 2\,315m² of land* with an existing 1\,500m² buil ding*\, the property is currently improved by a high-clearance commercial facility leased by Busy Bodies Gym on a 5-year lease that commenced on t he 1st of July 2024 with an additional 5-year term. Providing holding inc ome of $166\,400* per annum plus GST and Outgoings.\n
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Zone d Mixed Use (MUZ)\, the property is supported by approved and endorsed pl ans for a multi-storey residential development designed by Ratio Consulta nts. The scheme includes thoughtfully designed apartments centred around a communal atrium courtyard\, contributing to Boronia's transition toward a more vibrant\, high-amenity urban precinct.\n
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Key Detai ls:\n
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Land Area: 2\,315 m²*\n
Building Area: 1\,50 0m²*\n
Mixed Use Zone (MUZ)\n
$166\,400* per annum net rent \n
5-year term commenced 1/7/2024\n
1 Additional 5-year ter m\n
Approved planning permit & endorsed plans (Ratio Consultants)\ n
Highly accessible location opposite Boronia Train Station\n
Surrounded by established retail\, dining & community amenity\n
Exceptional scope for future development (STCA)\n
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Inspect ion Times:\n
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Friday 22nd May | 12:00pm - 12:30pm\n
Friday 29th May | 12:00pm - 12:30pm\n
Friday 05th June | 12:00pm - 12:30pm\n
Friday 12th June | 12:00pm - 12:30pm (EOI Closing date )\n
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For further information please contact one of the excl usive marketing agents below:\n
\n
George Kelepouris | 042579 8677\n
Jonathan On | 0479003122\n
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* All areas and fi gures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not con stitute any representation by the Vendor or Agents.

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