Appleby Commercial is pleased to offer Shops 4 & 19 Boronia Mall, 50 Dorset Square, Boronia to the market for private sale.
This outstanding investment is leased to Australia Post, secured by a 3+3+3 year term commencing 03/11/2023. The lease returns $39,640 per annum plus GST, with the tenant paying all relevant outgoings. The lease includes annual CPI & Market Review at the end of each term.
Located in the heart of the Boronia Activity Centre, Boronia Mall is anchored by major tenants, Coles and Kmart. The location boasts easy access to Eastlink, Dorset and Boronia Roads and other intersecting major arterial roads. The Mall benefits from a large, established residential catchment area and is in walking distance to Boronia Station.
Shop 4 is located within the centre and features a large open retail space which currently operates as an Australia Post retail shop. Shop 19 can be accessed both externally and internally from the mall and is currently used to house public post boxes.
With ample customer parking, centralised location, a high quality tenant and secure lease, this retail property offers an outstanding opportunity to invest into the tightly held eastern precinct of Melbourne.
PROPERTY ATTRIBUTES
+ Shop 4 Size:167 Sqm
+ Shop 19 Size: 80 Sqm
+ Total Passing Rental: $39,640 per annum, plus GST & outgoings
+ Blue Chip Tenant
+ Lease term 3+3+3 Years
+ Commencement Date: 03/11/2023
+ Large Residential Catchment
+ Boronia Central Location
+ Close to Public Transport
+ Ample Parking
+ Anchor Tenants Kmart & Coles
For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.
