163-173 Boundary RoadNorth Melbourne VIC 3051
Property Details for 163-173 Boundary Rd, North Melbourne
Last Listing description (September 2021)
OVERVIEW
+ Freestanding retail investment leased to, and guaranteed by 7-Eleven ($4.9bn group revenue - 14.6% YoY growth 2017-18^)
+ Recently rezoned 1,153 sqm* commercial 1 zoned land holding, passed by over 50,000 vehicles daily**
+ Rare fifteen (15) year net lease to 2027, with options through to 2042
+ Net income of $183,049 per annum* with strong fixed 4% annual rental increases
+ Potential for additional income via signage billboard (STCA)
+ Tenant is responsible for paying all outgoings excluding land tax
LOCATION
+ Positioned on major retail corner with huge exposure via Racecourse & Boundary Roads
For Sale Via Public Auction as part of the CBRE Premium Property Portfolio Auction to be held on November 29th 2018 from 6.00pm (AEDT) at Zagame Ferrari Head Office, Level 1, 430 Swan Street Richmond, Vic
For further information contact the exclusive selling agents:
Rorey James
+61 439 400 081
rorey.james@cbre.com.au
Julian White
+61 422 764 137
julian.white@cbre.com.au
Kevin Tong
+61 422 848 818
kevin.tong@cbre.com.au
Mark Wizel
+61 409 809 868
mark.wizel@cbre.com.au
*approx
**Source: VicRoads
^Source:IBISWorld
Property History for 163-173 Boundary Rd, North Melbourne, VIC 3051
- 02 Sep 2021Listed for Sale SOLD - $4,004,000
- 29 Nov 2018Sold for $4,004,000
- 03 Nov 2018Listed for Sale Not Disclosed
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About North Melbourne 3051
The size of North Melbourne is approximately 2.4 square kilometres. There are 12 parks, covering nearly 4.7% of the total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.
North Melbourne has 12,801 properties. Over the last 5 years, Houses in North Melbourne have seen a -10.73% decrease in median value, while Units have seen a -6.01% decrease. As at 30 June 2026:
- The median value for Houses in North Melbourne is $1,239,553 while the median value for Units is $491,194.
- Houses have a median rent of $755 while Units have a median rent of $600.
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