POINT OF INTEREST: This rare development opportunity in the heart of Boronia is for sale via Expressions of Interest, closing Thursday the 6th of May at 3pm.
Situated on a Commercial 1 Zone corner block, these two buildings sit on a total land area of 1,952 sqm* with a total building area of 1,090 sqm*. Currently providing $87,885.24 in rent per annum, the subject property provides opportunity to take advantage of the holding income whilst submitting to council for planning and permits
168-170 Boronia Road is surrounded by high density residential and commercial and perfectly positioned directly opposite Boronia Village Shopping Mall and is 700 m* to Boronia Railway Station, making this the strategic acquisition for any savvy developer.
- Total land area of 1,952 sqm*. - Commercial 1 Zone corner block. - $86,936.24 per annum holding income. - Total projected income: $183,936.24 per annum (fully let). - Opposite Boronia Village Shopping Mall. - 700 m* to Boronia Railway Station. - Bus routes 737, 745, 753 on your doorstep.
- 760 sqm* two level office at 168 Boronia Road. - 330 sqm* single level building at 170 Boronia Road. - Ample car spaces across both sites.
POINT OF VIEW: Whether it be a new season drop from the Yarra Valley, or two buildings west of those vineyards, the point is knowing the fruitful for picking. And we know this opportunity is ripe.
