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31-39 Erica Avenue Boronia VIC 3155

  • Development / Land
  • 2,400 m²
  • For Sale, Price by Negotiation

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

Property ID2014697204
Floor Area980 m²
Land Area2,400 m²
ParkingAsk Agent
Annual ReturnAsk Agent
Last updated  15 Dec 2018
Map for 31-39 Erica Avenue Boronia VIC 3155
Map for 31-39 Erica Avenue Boronia VIC 315531-39 Erica Avenue Boronia VIC 3155
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