![]() Asset Class: | Retail |
![]() Price: | $ 620000 |
![]() Net Yield: | 6.10 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);">Located in the bustling Boronia Mall, just 27 kilometers east of Melbourne’s CBD, this investment property presents a rare opportunity to acquire a secure, income-generating asset anchored by a blue-chip tenant, Australia Post. With over 20 years of occupancy, Australia Post is under a solid 3 x 3 x 3-year lease agreement, returning $40,829 per annum plus outgoings and GST, with fixed annual CPI increases and tenant-paid outgoings. A bank guarantee further enhances the security of this investment.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">The property comprises two well-presented retail spaces totaling 247m², strategically positioned within Boronia Mall—home to major tenants like Coles and Kmart. Shop 4 features a spacious retail area serving as an Australia Post retail outlet, while Shop 19 accommodates public post boxes and is accessible both externally and internally from the mall. The center benefits from ample on-site parking with 330 spaces, ensuring convenience for shoppers and tenants alike.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Situated within the heart of Boronia’s Activity Centre, this property is surrounded by a growing residential catchment and enjoys exceptional connectivity, with Boronia Train Station within walking distance and easy access to major arterial roads, including EastLink, Dorset Road, and Boronia Road.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">As part of a vibrant and rapidly developing suburb, Boronia offers investors significant growth potential, driven by ongoing urban renewal initiatives and proximity to the $500 million redevelopment of Westfield Knox Shopping Centre. This property combines steady returns, a prime location, and strong tenant credentials, making it an attractive addition to any investment portfolio.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b> </b></span></p>
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<span style="color:rgb(0, 0, 0);"><b>Boronia</b></span><br><br><span style="color:rgb(0, 0, 0);">Located approximately 29 kilometers east of Melbourne’s CBD at the foothills of the picturesque Dandenong Ranges, is a vibrant and family-friendly suburb offering a balanced lifestyle of urban convenience and natural beauty. With a population of around 23,000, Boronia attracts a diverse demographic mix of families, young professionals, and retirees. The median age of residents is 39 years, slightly above the Victorian average, highlighting the suburb’s appeal to mature households and growing families.</span><br><br><span style="color:rgb(0, 0, 0);">Boronia is well-connected by public transport, with the Boronia Railway Station providing direct train access to Melbourne via the Belgrave line and an extensive bus network serving the area. Major arterial roads, including the EastLink Freeway, ensure convenient access to Melbourne’s CBD and neighboring suburbs for drivers.</span><br><br><span style="color:rgb(0, 0, 0);">The suburb features two main shopping hubs—Boronia Mall and Boronia Junction—offering supermarkets, specialty shops, cafes, and essential services. Residents also benefit from proximity to the nearby Knox City Shopping Centre, which provides an extensive range of retail outlets and entertainment options. Boronia caters to families with reputable schools such as Boronia K-12 College and St. Joseph’s Primary School, as well as its proximity to Swinburne University’s Wantirna campus.</span><br><br><span style="color:rgb(0, 0, 0);">Recreational opportunities are abundant, thanks to the suburb’s close proximity to the Dandenong Ranges National Park, which offers stunning walking trails, picnic areas, and scenic lookouts. Local parks like Chandler Park and Batterham Reserve, as well as sports facilities such as the Boronia Bowls Club, cater to active residents. Healthcare needs are well-supported with local medical centers and nearby hospitals, including Angliss Hospital and Knox Private Hospital.</span><br><br><span style="color:rgb(0, 0, 0);">Boronia’s affordability, combined with ongoing infrastructure developments, has contributed to steady growth and increasing demand in the area. Urban renewal initiatives by the Knox City Council include planned upgrades and improved urban planning, expected to enhance property values and increase the suburb’s appeal. The redevelopment of nearby Knox Central, including a $500 million upgrade to Westfield Knox Shopping Centre, is also expected to elevate Boronia’s desirability.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Boronia Mall Profile</b></span><br><br><span style="color:rgb(0, 0, 0);">Boronia Mall is a retail complex located in the heart of Boronia, offering an attractive opportunity for investors looking to secure a foothold in Melbourne’s thriving eastern suburbs. The mall enjoys a prime location within a bustling retail precinct and is within walking distance of Boronia Train Station, providing excellent public transport links to Melbourne and surrounding suburbs.</span><br><br><span style="color:rgb(0, 0, 0);">The mall features a diverse mix of tenants, including national brands, specialty stores, cafes, and essential services, ensuring steady foot traffic and a stable revenue base. Anchor tenants such as Australia Post, Kmart, Coles, and Liquorland drive consistent customer activity, making it a key retail destination for both locals and visitors. With its high-visibility location and solid tenant mix, Boronia Mall presents a compelling investment option in a growing suburban market.</span>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);">Australia Post is one of the nation’s most recognized and trusted organizations, providing essential postal, logistics, and retail services to individuals, businesses, and government agencies. Established in 1809, it is a government-owned corporation and has evolved to meet the changing needs of modern society, offering a broad range of services including mail delivery, parcel logistics, banking, and retail products.</span></p><p style=""><span style="color:rgb(0, 0, 0);"><b> </b></span></p>
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50 Dorset Square, Boronia $ 40,829 247sqm $ 163.3psqm 622 MOUNTAIN HIGHWAY, Bayswater $ 24,900 147sqm $ 169 psqm 229 Stud Road, Wantirna South $ 94,579 300sqm $ 315psqm Ground Floor, 444 BURWOOD HIGHWAY, Wantirna South $ 51,638 110sqm $ 469 psqm 1st floor, 444 BURWOOD HIGHWAY, Wantirna South $ 20,000 73sqm $ 274psqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Secure 3 x 3 x 3 year lease </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Blue chip tenant – Australia Post for 20+ years</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Returning $40,829 per annum plus outgoing and GST with fixed annual CPI increases </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant pays all usual outgoings </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Well-presented building of 247m2</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Positioned within the popular Boronia mall, 27kms east from Melbourne CBD </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Shop 4 is located within the centre and features a large open retail space which currently operates as an Australia Post retail shop. Shop 19 can be accessed both externally and internally from the mall and is currently used to house public post boxes.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Located in the heart of the Boronia Activity Centre, Boronia Mall is anchored by major tenants, Coles and Kmart</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Ample onsite parking for 330 cars </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">The location boasts easy access to Eastlink, Dorset and Boronia Roads and other intersecting major arterial roads. </span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">The Mall benefits from a large, established residential catchment area and is in walking distance to Boronia Station.</span></p></li></ul>