5/311 Boundary RoadMordialloc VIC 3195
Property Details for 5/311 Boundary Rd, Mordialloc
Last Listing description (October 2023)
POINT OF INTEREST:
Occupied since 2017, this established food wholesaler/producer has just renewed their 3-year option commencing in October 2023, with an additional 3 year option available, bringing in an annual rental income of $48,000 plus outgoings. They swiftly put pen-to-paper when factoring in the floorplan and quality fit out, made up of 300 sqm* of generous warehousing within a suburb only booming in Bayside popularity. A roller door makes deliveries a breeze, and so does the 4 car spaces on Title, with an additional 14 on-site for any visitors. This local investor is likely already aware, but the location isnt anything short of brilliant. Youre 800 m* from the Mordialloc Freeway, 3.1 km* from the Dingley Bypass, and 2.4 km* to the Nepean. Whats more, theres a BP service station only a few metres away, the Costco is just down the road, and youre 2.5 km* from the Frankston line. A foundation of commercial value for portfolios ready to get to the next level.
- Leased to food production tenant from October 2017.
- Recently renewed 3 year lease from October 2023.
- Further option of 3 years.
- $48,000 per annum + outgoings.
- 300 sqm* total building area.
- Industrial 1 zoning.
- 4 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:
An asset with enviable leasing terms, proportions, and postcodes seldom appear in six-figures. And with strong returns guaranteed for any portfolio, this campaign may be the quickest launch of the year. Go figure.
*Approx.
Pricing excludes GST
Property History for 5/311 Boundary Rd, Mordialloc, VIC 3195
- 19 Dec 2023Sold for $768,000
- 09 Aug 2023Listed for Sale $800,000 - $830,000
- 02 May 2017Listed for Rent $39,000 / 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 5,515 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.
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