170 Boronia RoadBoronia VIC 3155
Property Details for 170 Boronia Rd, Boronia
Last Listing description (May 2021)
POINT OF INTEREST:
This rare development opportunity in the heart of Boronia is for sale via Expressions of Interest, closing Thursday the 6th of May at 3pm.
Situated on a Commercial 1 Zone corner block, these two buildings sit on a total land area of 1,952 sqm* with a total building area of 1,090 sqm*. Currently providing $87,885.24 in rent per annum, the subject property providesopportunity to take advantage of the holding income whilst submitting to council for planning and permits
168-170 Boronia Road is surrounded by high density residential and commercial and perfectly positioned directly oppositeBoronia Village Shopping Mall and is 700 m* to Boronia Railway Station, making this thestrategic acquisition for any savvy developer.
- Total land area of 1,952 sqm*.
- Commercial 1 Zone corner block.
-$86,936.24 per annum holding income.
- Total projected income: $183,936.24 per annum (fully let).
- Opposite Boronia Village Shopping Mall.
- 700 m* to Boronia Railway Station.
- Bus routes 737, 745, 753 on your doorstep.
- 760 sqm* two level office at 168 Boronia Road.
- 330 sqm* single level building at 170Boronia Road.
- Ample car spaces across both sites.
POINT OF VIEW:
Whether it be a new season drop from the Yarra Valley, or two buildings west of those vineyards, the point is knowing the fruitful for picking. And we know this opportunity is ripe.
*Approx.
Pricing excludes GST
Property History for 170 Boronia Rd, Boronia, VIC 3155
- 07 May 2021Sold for $775,000
- 26 Mar 2021Listed for Sale Contact Agent
- 04 Feb 2015Listed for Rent - Price not available
Recent sales nearby
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About Boronia 3155
The size of Boronia is approximately 11.3 square kilometres. There are 36 parks, covering nearly 7.8% of the total area. The population of Boronia in 2016 was 22195 people. By 2021 the population was 23607 showing a population growth of 6.4% in the area during that time. The predominant age group in Boronia is 30-39 years. Households in Boronia are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Boronia work in a professional occupation.In 2021, 69.90% of the homes in Boronia were owner-occupied compared with 70.80% in 2016.
Boronia has 13,254 properties. Over the last 5 years, Houses in Boronia have seen a 6.46% increase in median value, while Units have seen a 10.22% increase. As at 31 May 2026:
- The median value for Houses in Boronia is $854,316 while the median value for Units is $671,914.
- Houses have a median rent of $605 while Units have a median rent of $575.
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