163-173 Boundary Road,
North Melbourne, VIC 3051

Shops & Retail

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

North Melbourne, 3051 demographic data

The median household income for North Melbourne is $1,717, 10% lower than Greater Melbourne's household income of $1,901. North Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 57% of property owners in North Melbourne have a mortgage.

14,953

Population

$1,717 per week

Median household income

31 years

Median age

Renters

Most residents

Families

Most households

CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000