1, 309 Boundary Road, Mordialloc, VIC 3195

Industrial | Retail | Hotel/Leisure

Sold

  • Property ID: 435026
  • Floor Area: 340m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 1 Sold 10/10/2023 340m2 N/A Contact Agent
FRONT STRATA TAKEAWAY + WAREHOUSE INVESTMENT.

POINT OF INTEREST:

Local takeaway institution with satisfying leasing terms. This popular destination is locked into a 5 + 5-year lease beginning in July 2022, with annual leasing income of $60,432 plus GST. Comprising 340 sqm* of total building area, purposefully fitted as a modern takeaway food space with warehousing at the rear (including roller door access) and 5 car spaces included on Title, plus 14 visitor car spaces on-site. With frontage and exposure to Boundary Road, safeguarding any food retail or future industrial use, plus the potential of operating under two tenancies.

- Current leasing agreement: 5 + 5 years beginning in July 2022.
- $60,432 + GST in leasing income.
- Annual CPI increases.
- 340 sqm* total building area.
- Industrial 1 zoning.
- 5 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:

The property is very well located to take advantage of the thousands* of cars passing every day.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to lease.
  • Lease Term: 5 + 5 + 5 year lease.
  • Rent Review: Annual CPI Increases, Market Review at Options.
  • Car Spaces: 5 on Title plus 14 visitor car spaces on-site
  • Air Conditioning: Yes.
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $766 p.a.*
  • Land Tax: $515 p.a.*
  • Council Rates: $2,197 p.a.*
  • Owners Corp. / Insurance: TBC.
Mordialloc Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4000 $80 2.00%
Industrial $2698 $114 4.22%
Retail $5690 $230 4.05%
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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