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163-173 Boundary Road
North Melbourne VIC 3051
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Sold on 29 Nov 2018

163-173 Boundary Road North Melbourne VIC 3051

  • Shop & Retail
  • 1 m²
  • Sold

FREESTANDING 7-ELEVEN SERVICE STATION - THE LAST STOP BEFORE CITYLINK (820,000* CARS PER DAY)

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OVERVIEW

+ Freestanding retail investment leased to, and guaranteed by 7-Eleven ($4.9bn group revenue - 14.6% YoY growth 2017-18^)

+ Recently rezoned 1,153 sqm* commercial 1 zoned land holding, passed by over 50,000 vehicles daily**

+ Rare fifteen (15) year net lease to 2027, with options through to 2042

+ Net income of $183,049 per annum* with strong fixed 4% annual rental increases

+ Potential for additional income via signage billboard (STCA)

+ Tenant is responsible for paying all outgoings excluding land tax

LOCATION

+ Positioned on major retail corner with huge exposure via Racecourse & Boundary Roads

*approx
**Source: VicRoads
^Source:IBISWorld

CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold29 Nov 2018
Floor Area1 m²
Land Area1,153 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017231809
Category
Last updated  18 Jan 2024
Map for 163-173 Boundary Road North Melbourne VIC 3051

Nearest transport* to 163-173 Boundary Road North Melbourne VIC 3051

Bus
Train
Tram
Ferry
24-Mooltan St/Mt Alexander Rd (Flemington)620 m
24-Mooltan St/Mt Alexander Rd (Flemington)655 m
Boundary Rd/Canning St (North Melbourne)680 m
Macaulay Station/Macaulay Rd (North Melbourne)694 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold29 Nov 2018
Floor Area1 m²
Land Area1,153 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017231809
Category
Last updated  18 Jan 2024

Listed by

More about 163-173 Boundary Road North Melbourne VIC 3051

163-173 Boundary Road North Melbourne VIC 3051 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 1,153 m². The listing ID for this property is 2017231809.

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