163-173 Boundary Road,
North Melbourne, VIC 3051
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of 163-173 Boundary Road
FREESTANDING 7-ELEVEN SERVICE STATION - THE LAST STOP BEFORE CITYLINK (820,000* CARS PER DAY)
- -
- -
- -
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
+ 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
Property ID: 503011626Last Updated: 18 Jan 2024
163-173 Boundary Road
North Melbourne, VIC 3051
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
119 Howard Street,North Melbourne, VIC 3051 205 m²Shops & Retail • Offices • Development Sites & Land