SOLD
Sold on 19 Dec 2023 for $768,000

5/311 Boundary Road
Mordialloc VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 333m2
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Property Details for 5/311 Boundary Rd, Mordialloc

Building Type
Commercial
Land Size
333m2
Local Government
Kingston
Lot/Plan
8/PS639076

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

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Property History for 5/311 Boundary Rd, Mordialloc, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$768,000
19 Dec 2023
Listed for Rent
24 Oct 2017
  • 19 Dec 2023
    Sold for $768,000
  • 09 Aug 2023
    Listed for Sale $800,000 - $830,000
  • 02 May 2017
    Listed 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 5,501 properties.

    There are currently 13 properties listed for sale, and 7 properties listed for rent in Mordialloc on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Mordialloc.

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