3/255 Dorset RoadBoronia VIC 3155
Property Details for 3/255 Dorset Rd, Boronia
Last Listing description (September 2019)
This retail investment is located in the heart of Boronia Central "Railway Arcade" between the railway station and Dorset Road.
These two retail shops are listed on one title, one has a tenant with a 2 year lease plus a 2 + 2 years option that commenced in December 2017 with a current nett annual rental of $10,335.60 and 3.5% annual increases. The other shop is secured by a new 2 year lease plus a 2 + 2 year option that will commence from the 31/07/2019 with a nett annual rental of $9,468 and 2.5% annual increases.
These shops are within the Boronia activity centre possible development potential S.T.C.A.
Property History for 3/255 Dorset Rd, Boronia, VIC 3155
- 30 Aug 2019Listed for Sale $285,000 - $300,000 plus GST if applicable
- 22 Sep 2018Listed for Sale $285,000 - $300,000 plus GST if applicable
- 13 Oct 2017Listed for Sale $495,000
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About Boronia 3155
The size of Boronia is approximately 11.3 square kilometres. It has 36 parks covering nearly 7.8% of 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 13,250 properties. Over the last 5 years, Houses in Boronia have seen a 26.69% increase in median value, while Units have seen a 18.78% increase. As at 31 December 2025:
- The median value for Houses in Boronia is $887,718 while the median value for Units is $669,346.
- Houses have a median rent of $600 while Units have a median rent of $550.
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