SOLD
Sold on 15 Mar 2024 for $465,000

4/309 Boundary Road
Mordialloc VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 150m2
Land area: 182m2
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Property Details for 4/309 Boundary Rd, Mordialloc

Building Type
Commercial
Floor Size
150m2
Land Size
182m2
Local Government
Kingston
Lot/Plan
4/PS639076

Last Listing description (October 2023)

Food cold storage warehouse leased by restaurant operator Pakers International Trade, who has just taken up a 3 year renewal option at $28,000 pa + outgoings. Industrial warehousing of 150 sqm* including cold storage of 18sqm* across two cool rooms, with roller door access.

With cold storage hard to come by, this asset is ripe for the local investor AND the local food or logistics operator - giving plenty of time to plan for future occupation of the site whilst earning attractive return above 5.5%.

Why not also purchase the adjoining versatile cold store unit next door at 5/309 - also leased to Pakers International. The location of this Bayside asset isn't anything short of brilliant.

- Leased to Pakers International Trade Pty Ltd (also occupying 5/309).
- Occupied since November 2020
- 3-year lease renewal commences 1 November 2023.
- $28,000 per annum plus outgoings plus GST.
- 150 sqm* total building area.
- Industrial 1 zoning.
- 2 car spaces on Title, plus an additional 14 on-site.
- Fitted with 2 cool rooms (vendor owned, tenant maintained, and removable).
- 800 m* to the Mordialloc Freeway.
- 3.1 km* to the Dingley Bypass.
- 2.4 km* to the Nepean Highway.

POINT OF VIEW:

Flexibility in spades. Not just because of the floorplan, but the tenant plan making this asset the front-runner for investors and owner-occupiers alike. To run ahead of the pack, act quickly.

*Approx.
Pricing excludes GST

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Property History for 4/309 Boundary Rd, Mordialloc, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$465,000
15 Mar 2024
Listed for Rent
$345/w
15 May 2012
  • 15 Mar 2024
    Sold for $465,000
  • 18 Oct 2023
    Listed for Sale Contact Agent
  • 18 Nov 2011
    Listed for Rent - Price not available
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