2, 311 Boundary Road, Mordialloc, VIC 3195

Industrial | Retail | Hotel/Leisure

Sold

  • Property ID: 435025
  • Floor Area: 195m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 2 Sold 02/10/2023 195m2 N/A Contact Agent
RARE TENANTED INDUSTRIAL FOOD PRODUCTION.

POINT OF INTEREST:

Rare specialty-built fit-out for food production/retail facility since July 2019 by a strong strong family-owned business producing homemade biscuits. In place is a 5 + 5 + 5 year agreement, returning $41,026 per annum and a potential yield of 6%. The 195 sqm* of total building space has been designed for seamless food production, storage, distribution and on-site sales, which explains why the tenant is unlikely to vacate. What’s more, the street frontage to Boundary Road makes for blatant business exposure, and the roller shutter door access to the warehouse takes care of the in-gredients and outgoings. 3 car spaces on Title are all yours, but there’s also an additional 14 on-site for taste-testers.

- Leased to Amazon Pharma Pty Ltd T/A Bizarri Dolci.
- Current leasing agreement: 5 + 5 + 5 years beginning on July 2019.
- $41,026 per annum + outgoings.
- 195 sqm* total building area.
- Industrial 1 zoning.
- 3 car spaces on title, plus an additional 14 on-site.
- 800 m* to the Mordialloc Freeway.
- 3.1 km* to the Dingley Bypass.
- 2.4 km* to the Nepean Highway.

POINT OF VIEW:

A property that's sure to satisfy your investment cravings that's well located to take advantage of the thousands* of cars passing daily.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to a lease
  • Lease Term: 5+5+5+5 Year Lease.
  • Rent Review: Annual CPI Increases, Market Review at Options.
  • Car Spaces: 3 on Title plus 14 visitor car spaces on-site
  • Condition: Fitted for food production.
  • Car Parking Fees: Nil.
Outgoings
  • Water Rates: $766 p.a.*
  • Land Tax: $435 p.a.*
  • Council Rates: $2,267 p.a.*
  • Owners Corp. / Insurance: TBC.
Mordialloc Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5690 $230 4.05%
Industrial $2698 $114 4.22%
Offices $4000 $80 2.00%
This is the average advertised price, rent and yield for Mordialloc, VIC 3195*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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