SOLD
Sold on 01 Mar 2024 for $465,000

5/309 Boundary Road
Mordialloc VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 150m2
Land area: 188m2
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Property Details for 5/309 Boundary Rd, Mordialloc

Building Type
Commercial
Floor Size
150m2
Land Size
188m2
Local Government
Kingston
Lot/Plan
5/PS639076

Last Listing description (October 2023)

POINT OF INTEREST:

Warehousing that knows no bounds, front and centre on Boundary Road this is the accessible entry point into Baysides best suburb. The building itself is made up of 155 sqm* of cleverly designed warehousing with roller door access, making this the ideal asset for trades or logistics businesses in the area. In saying that, there are also two fitted cool rooms/fridges that can stay put or be removed, turning this into an attractive offer for food storage occupiers. The local investor should also pay attention, as its currently leased to Pakers International Trade on a 2-year agreement set to expire in March 2024. The rental income was set to $27,226 per annum, but considering the demand for assets like this in Mordialloc, there will be no shortage of demand come FY25. And with arterials close by like the Mordialloc Freeway, the Dingley Bypass, and the Nepean, were forecasting an enquiry from every savvy commercial player south of the river.


- Leased to Pakers International Trade Pty Ltd.
- 2-year lease set to expire March 2024.
- $27,226 per annum in leasing income.
- 155 sqm* total building area.
- Industrial 1 zoning.
- 2 car spaces on Title, plus an additional 14 on-site.
- Fitted with 2 cool rooms/fridges that can be kept or removed.
- 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 5/309 Boundary Rd, Mordialloc, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$465,000
01 Mar 2024
Listed for Rent
$345/w
12 Feb 2011
  • 01 Mar 2024
    Sold for $465,000
  • 10 Jul 2023
    Listed for Sale Contact Agent
  • 15 Sep 2010
    Listed for Rent - Price not available

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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 5,515 properties. Over the last 5 years, Houses in Mordialloc have seen a 15.03% increase in median value, while Units have seen a 13.11% increase. As at 31 October 2024:

  • The median value for Houses in Mordialloc is $1,319,900 while the median value for Units is $721,054.
  • Houses have a median rent of $670 while Units have a median rent of $550.
There are currently 18 properties listed for sale, and 12 properties listed for rent in Mordialloc on OnTheHouse. According to CoreLogic's data, 237 properties were sold in the past 12 months in Mordialloc.

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