We are thrilled to offer an outstanding commercial property located at the prominent corner of Dorothea Street and Boulder Road. This is your chance to secure a prime piece of real estate with exceptional development potential and immediate income generation.

Key Features:

Prime Corner Location: Positioned on a high-traffic corner block of 1087m² on bustling Boulder Road, this property benefits from unparalleled visibility and accessibility. It’s directly across from the brand new Heatleys site, ensuring increased foot traffic and prominence.

Zoning: Recently rezoned to Service Commercial, this property offers a range of possibilities for various business uses and development projects.

Established Tenants:

Front Unit: Leased since 2024 on a two year lease for $23,409.96 per annum, plus GST and outgoings. This long-standing tenant provides stability and reliability.
Rear Unit: Occupied since November 2024 and signed a 3-year lease in for $23,633.40per annum, plus GST and outgoings. This long-term tenant offers a secure and predictable income stream.
Investment Details: Priced at $500,000, this property offers a solid return on investment. With a combined annual rental income of $47,043.36 (excluding GST and outgoings), the estimated ROI is approximately 9.4%. This attractive yield underscores the property’s value as a profitable investment.

Development Potential: With long-term development in mind, this location is ideal for future projects. Meanwhile, the existing setup allows you to potentially grow your business with the added advantage of rental income.

Investment Advantages: The dual benefit of current rental income combined with significant development potential makes this property a rare find. It’s a strategic investment opportunity that promises both immediate returns and future growth.

This property offers a unique combination of strategic location, income potential, and development opportunities. Don’t miss out on this chance to own a valuable asset in a thriving area.

Contact us today for more information and to arrange a viewing.
Robert Gilmore 0419 864 695
Levi Forbes 0474 439 600