Established Supermarket on 15 Year Lease
287 Boronia Road, BORONIA VIC
Standout quality retail complex constructed 2008.
Prominent busy intersection with thousands of passing cars daily.
Additional income from two retailers including Nando’s.
Net leases with annual increases plus market reviews.
Tenants pay all usual outgoings.
Major 2,809 sqm corner site with 105 metre frontage plus 40 on-title car parks.
IGA: Over 1,400 stores nationwide.
Boronia: A significant eastern metro suburb with a substantial population (20,825 as at 2011 Census).
Within the City of Knox with a growing population of 154,900+ (ABS est. 2013) and an important EastLink connection.
Generous income tax saving depreciation benefits.
Rent: $344,868 pa.
Interstate and local bidding by prior arrangement.
Auction 11am AEDT Wednesday 25 February.
River Room, Crown Casino, Melbourne.