16 Borrack Square,
Altona North, VIC 3025
Shops & Retail
Key property information
Land area
Floor area
Tenure type
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Fitzroys - Melbourne
Level 27, 360 Collins StreetMELBOURNE, VIC 3000
04381562...
16 Borrack Square
Altona North, VIC 3025
Map of 16 Borrack Square
Superb Renovated Freehold Investment With Upside
- Substantial Land Area of 240sqm*
- Multiple Income Streams
- Value Add Potential
Fitzroys is delighted to offer a superb double storey renovated freehold investment with upside located at 16 Borrack Square, Altona North.
Key features include:
- Located in Melbourne's surging inner west
- Centrally positioned within Borrack square’s bustling commercial precinct servicing the emerging and growing residential catchment
- Recently renovated and immaculately presented building
- Depreciation benefits
- Rare fully leased investment opportunity in a tightly held location
- Four tenancies spread across two storeys allowing for multiple income streams
- Returning $107,700 per annum plus outgoings and GST
- Tenants pay all outgoings in accordance with the lease
- Value add potential with planning permit and endorsed plans in place for first floor extension
- Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
- Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
- Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation
Summary:
Shop 1- Florist
6 + 5 year lease
Fixed annual increases and market review at commencement of further term
Shop 2- Nail & Beauty Salon
7 + 5 year lease
Fixed annual increases and market review at commencement of further term
Level 1, suite 1 & 2- Private Office
1 year lease
*approx
Key features include:
- Located in Melbourne's surging inner west
- Centrally positioned within Borrack square’s bustling commercial precinct servicing the emerging and growing residential catchment
- Recently renovated and immaculately presented building
- Depreciation benefits
- Rare fully leased investment opportunity in a tightly held location
- Four tenancies spread across two storeys allowing for multiple income streams
- Returning $107,700 per annum plus outgoings and GST
- Tenants pay all outgoings in accordance with the lease
- Value add potential with planning permit and endorsed plans in place for first floor extension
- Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
- Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
- Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation
Summary:
Shop 1- Florist
6 + 5 year lease
Fixed annual increases and market review at commencement of further term
Shop 2- Nail & Beauty Salon
7 + 5 year lease
Fixed annual increases and market review at commencement of further term
Level 1, suite 1 & 2- Private Office
1 year lease
*approx
Altona North, 3025 demographic data
The median household income for Altona North is $1,695, 11% lower than Greater Melbourne's household income of $1,901. Altona North has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 45% of property owners in Altona North have a mortgage.
12,962
Population
$1,695 per week
Median household income
37 years
Median age
Owners
Most residents
Families
Most households
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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39 Borrack Square,Altona North, VIC 3025 1871 m²Shops & Retail • Showrooms & Large Format Retail • Offices
