Share this property

realcommercial.com.au

163-173 Boundary Road North Melbourne, VIC 3051

Directions

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

Directions

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

Property ID: 503011626Last Updated: 18 Jan 2024

realcommercial.com.au logo
163-173 Boundary Road
North Melbourne, VIC 3051
CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.