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31-39 Erica Avenue
Boronia VIC 3155
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Leased on 27 Dec 2018

31-39 Erica Avenue Boronia VIC 3155

  • Development / Land
  • 2,400 m²
  • Leased

High Yield Investment with Development Upside

    Rare opportunities exist when it comes to 2,400sqm* of MUZ (Mixed Use Zone) land with approved Plans and Permits for 45 apartments and 4 shops, located opposite Boronia train station and tightly held shopping precinct. A better mix of location and infrastructure may not exist. 5 Year lease with a net Annual Rent of $160,000.

    Property Features Include:

    • Land Area: 2,400sqm* of MUZ - Mixed Use Zone
    • Approved plans and permits for 45 apartments and 4 shops
    • Dimensions: Large Frontage 40m (approx) and 54m (approx) depth
    • Excellent land shape and topography
    • Access to major arterials such as the Eastlink Freeway
    • Within 5km (approx.) to Knox Shopping Centre
    • Only 100m (approx.) from multiple facets of public transport, supermarkets, shops and more
    • Surrounded by hospitals, and entertainment complexes there is much to like about this growing area and this opportunity is one that should ensure a top return on investment.

    * Approximate

    To arrange an inspection, please call Mitch Rosam or Paul Waterhouse.

    Property Highlights

    Date Leased27 Dec 2018
    Floor Area980 m²
    Land Area2,400 m²
    ParkingAsk Agent
    Property ID12836304
    Category
    Last updated  10 Jan 2019
    Map for 31-39 Erica Avenue Boronia VIC 3155

    Property Highlights

    Date Leased27 Dec 2018
    Floor Area980 m²
    Land Area2,400 m²
    ParkingAsk Agent
    Property ID12836304
    Category
    Last updated  10 Jan 2019

    Co-Agents

    Mitch Rosam
    Ray White Commercial Ferntree Gully
    Call
    0402 355 805
    Paul Waterhouse
    Paul Waterhouse
    Ray White Commercial Ferntree Gully
    Call
    0417 660 153

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