314 Boronia Road, Boronia, VIC 3155

Development/Land

For Sale Contact the Stonebridge Team

  • Property ID: 447377
  • Land Area: 1795m²
  • Occupancy: Vacant
PROMINENT CORNER DEVELOPMENT SITE IN MELBOURNE'S PREMIUM EASTERN SUBURBS

Stonebridge Property Group is pleased to present for sale 314 Boronia Road, Boronia.

The Property is a prominent corner landholding, boasting 83 m* of frontage to major arterial Boronia Road and Rathmullen Road, offering developers an outstanding opportunity for residential, medical, and childcare uses (STCA).

Positioned between the eastern activity centre and the Dandenong Ranges. The location provides excellent lifestyle amenity with leafy tree-lined streets/parks, with outstanding and uninterrupted views to the Dandenong Ranges.

Boronia is undergoing significant revitilisation through the Boronia Renewal Project, revitalising the shopping precinct, green spaces, pedestrian connectivity, and local economy , underpinning the demand for residential/childcare/medical in the area.

The key highlights of the opportunity include:

- Prominent corner landholding along major arterial Boronia Road.

- Significant 1,795 sqm* landholding.

- Benefiting from the adjacent Boronia Road Service Road, providing exclusive ingress/egress capability.

- Flexible development opportunities including residential, childcare, medical and more (STCA).

- Exiting improvements comprise a single dwelling currently being used for a medical tenancy, offered with vacant possession.

- Excellent, uninterrupted views to the Dandenong Ranges.

- Outstanding education institutions nearby Bayswater South Primary School (500 m*), St Joseph’s Primary School (900 m*) and Fairhills High School (1 km*).

- Excellent lifestyle amenity including Tormore Reserve (1.3 km*), Dandenong Creek Trail (2.6 km*), as well as a plethora of walking trails in the Dandenong Ranges (5 km*).

- Residents of Boronia enjoy access to all essential and boutique retail at Boronia Junction (2 km*), home to Coles, Woolworths, Kmart and many strip shops as well as, Westfield Knox Shopping Centre (2.2 km*) boasting 383 retailers and over $580 million in annual retail sales^.

- Boronia has seen median house price uplift of 34% in the last 5-years^^, underpinning the demand the for housing.

- A great location for childcare development due to forthcoming undersupply in the area, as Knox Council will stop running standalone kindergarten services in Jan-25^^^, creating a potential influx of demand.

- Surrounded by key infrastructure including Knox Medical Precinct and further enhanced by the Wantirna Health Precinct Masterplan, which will provide a new public hospital and associated medical services.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:

Andrew Milligan
+61 421 559 992

Julian White
0422 764 137

Chao Zhang ??
0411 625 068

^ Scentre Group (2024)

^^REIV (2024)

^^^ Knox Council (2023)

* Approximately

Property Code: 1018

Boronia Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4488 $179 3.98%
Offices $4141 $165 3.98%
Industrial $2206 $235 10.65%
This is the average advertised price, rent and yield for Boronia, VIC 3155*
* 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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