2/311 Boundary RoadMordialloc VIC 3195
Property Details for 2/311 Boundary Rd, Mordialloc
Last Listing description (October 2023)
POINT OF INTEREST:
Rare specialty-built fit-out for food production/retail facility since July 2019 by a strong strong family-owned business producing homemade biscuits. In place is a 5 + 5 + 5 year agreement, returning $41,026 per annum and a potential yield of 6%. The 195 sqm* of total building space has been designed for seamless food production, storage, distribution and on-site sales, which explains why the tenant is unlikely to vacate. Whats more, the street frontage to Boundary Road makes for blatant business exposure, and the roller shutter door access to the warehouse takes care of the in-gredients and outgoings. 3 car spaces on Title are all yours, but theres also an additional 14 on-site for taste-testers.
- Leased to Amazon Pharma Pty Ltd T/A Bizarri Dolci.
- Current leasing agreement: 5 + 5 + 5 years beginning on July 2019.
- $41,026 per annum + outgoings.
- 195 sqm* total building area.
- Industrial 1 zoning.
- 3 car spaces on title, plus an additional 14 on-site.
- 800 m* to the Mordialloc Freeway.
- 3.1 km* to the Dingley Bypass.
- 2.4 km* to the Nepean Highway.
POINT OF VIEW:
A property that's sure to satisfy your investment cravings that's well located to take advantage of the thousands* of cars passing daily.
*Approx.
Pricing excludes GST
Property History for 2/311 Boundary Rd, Mordialloc, VIC 3195
- 25 Sep 2023Sold for $705,000
- 09 Aug 2023Listed for Sale $700,000 - $730,000
- 02 May 2019Listed for Rent $40,700 / year
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About Mordialloc 3195
The size of Mordialloc is approximately 4.4 square kilometres. It has 18 parks covering nearly 24.6% of total area. The population of Mordialloc in 2011 was 7,536 people. By 2016 the population was 8,160 showing a population growth of 8.3% in the area during that time. The predominant age group in Mordialloc is 40-49 years. Households in Mordialloc are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mordialloc work in a professional occupation. In 2011, 67.7% of the homes in Mordialloc were owner-occupied compared with 66.2% in 2016.
Mordialloc has 5,501 properties.
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