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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
 Shop & Retail
Last updated  18 Jan 2024
Map for 163-173 Boundary Road North Melbourne VIC 3051
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
 Shop & Retail
Last updated  18 Jan 2024

Listed by

CBRE
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03 86213333

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            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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