This retail investment is located within the Knox City planning area of Boronia and is currently under review to be rezoned as Activity Centre allowing for high density development.
These two retail shops are listed on one title. Shop 3 is leased to "Bottlemart" in thriving retail strip on a 5 + 5 year lease. Shop 4 is currently leased on 3 + 3 year lease.
This sound two income retail investment in the central Dorset Road shopping strip has exceptional redevelopment upside (STCA) whilst owning fantastic exposure to both vehicle traffic and pedestrians as it backs onto Boronia's train station and central shopping district.
Features include :-
• Shop 3 area 70 sqm*
• Shop 4 area 35 sqm*
• 5 + 5 year lease commenced 13th November 2013
• 3 + 3 year lease commenced 1st September 2016
• Total Rent $20,808* + GST & outgoings
• Commercial 1 Zoning (C1Z)
• Prominent street front location fronting Dorset Road with high visibility and further foot traffic through the arcade from Boronia train station
• Neighbours Boronia train station and shopping precinct
• Easily accessible with ample parking surrounds
(*approximate)
Auction In Room at Ray White Ferntree Gully, 5/1849 Ferntree Gully Road, Ferntree Gully 7:00pm.
To inspect or for further information contact Paul Waterhouse or Stefanie Taylor.
