243 Dorset Road Boronia VIC 3155

POINT OF INTEREST:

Whether it’s the Dorset Road frontage or the prominent location amongst Boronia’s retail and errands precinct, this dual-level and dual-income investment is sure to impress. Both the ground and first floors offer versatile space, with the ground floor being occupied by Gluten Free 4 U since 2017. The agreement sees the popular tenant on a 3-year term for $29,581 per annum in rent. Likewise, Bee Brazilian are paying $25,923 to utilise the first floor, a prosperous move considering they’ve occupied the space since 2008. The two-storey building is in Boronia’s shopping destination, where foot traffic is aplenty and so is public parking. The railway station is 5 minutes away, Boronia Mall is across the road, and Boronia Junction — boasting Baker’s Delight, BWS, and Burgertory — is over Lupton Way.
Opportunity for future upside with the proposed upgrade of the Boronia Station and walkway via 251-253 Dorset Road.
Links for further information. 
•   http://• https://bigbuild.vic.gov.au/news/level-crossing-removal-project/boronia-station-upgrades
•   https://• https://engage.vic.gov.au/boronia-station-upgrade

Leased to 2 established tenants:
- Ground floor: Gluten Free 4 U (Retail Aust.)Pty LtD 
            - Renewed lease 1st May, 2023 on a 3-year term.
            - $29,581.08 per annum in rent.
First floor: Jobling & Law Pty Ltd trading as Bee Brazilian 
            - Renewed lease 1st March, 2023 on a 5-year term.
            - $25,923.36 per annum in rent.

- Passing income $55,504.00 plus GST
- Total building area 160 sqm* area.
- Freehold site of 217 sqm*
- Generous 6.8 metre* frontage 
- 2 car parks on the block plus ample public parking.
- Opposite Boronia Mall and Boronia Junction.
- Metres from Boronia Railway Station.

POINT OF VIEW:

A secure dual tenancy sitting between two of Boronia’s most popular shopping centres, this suburban high-performing investment gives new (and lucrative) meaning to double standards.

*Approx.
Pricing excludes GST