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605 Boronia Road
Wantirna VIC 3152
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Sold on 25 Feb 2020

605 Boronia Road Wantirna VIC 3152

  • Shop & Retail
  • 611 m²
  • Sold

Land Rich 7-Eleven Freehold Investment

Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australias #1 convenience retailer with over 700 stores and approximately 38% market share.
Strategic 6,480 sqm* homeward-bound site 200 metres from the junction of Mountain Highway, Wantirna Road and Boronia Road, with 33,000 vehicles passing daily**.
Strong retail and medical precinct surrounded by McDonalds, KFC, Wantirna Mall (Ritchies IGA, Australia Post, Bendigo Bank), Knox Private Hospital and Medical Centre all within 400 metres.
Underutilised site including approximately 2,500 sqm of vacant commercial land.
Estimated net rent: $327,083 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino from 1:00pm AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**VicRoads
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

AUCTION

Auction date and time25/02/2020 13:00
Auction location605 Boronia Road, Wantirna VIC

Property Highlights

Date Sold25 Feb 2020
Floor Area611 m²
Land Area6,480 m²
ParkingAsk Agent
Property ID2016016544
Category
Last updated  27 Feb 2020
Map for 605 Boronia Road Wantirna VIC 3152

Property Highlights

Date Sold25 Feb 2020
Floor Area611 m²
Land Area6,480 m²
ParkingAsk Agent
Property ID2016016544
Category
Last updated  27 Feb 2020

Co-Agents

Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696
Jamie Perlinger
Jamie Perlinger
Burgess Rawson VIC Pty Ltd
Call
0413 860 315
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830

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