163-173 Boundary Road,
North Melbourne, VIC 3051
Shops & Retail
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Map of 163-173 Boundary Road
FREESTANDING 7-ELEVEN SERVICE STATION - THE LAST STOP BEFORE CITYLINK (820,000* CARS PER DAY)
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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
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