Boronia

PRIME CORNER INVESTMENT WITH DEVELOPMENT UPSIDE IN BORONIA ACTIVITY CENTRE

Appleby Commercial is pleased to present 118–120 Boronia Road, Boronia for sale — a rare opportunity to secure a high-exposure corner holding with immediate income and substantial future development potential (STCA).

Strategically positioned on the prominent intersection of Boronia Road and Dorset Road, this tightly held asset sits within the heart of the Boronia Major Activity Centre, offering exceptional exposure, strong passing traffic, and long-term growth prospects.

PROPERTY HIGHLIGHTS

• Prominent corner site at Boronia & Dorset Roads
• Two retail shops on one title
• Land area: 364 sqm* | Building area: 105 sqm*
• Located within Boronia Major Activity Centre (Commercial 1 Zone)
• Multiple tenancies + one vacant shop with leasing upside
• Current income: $65,150* p.a. | Potential: $75,550* p.a.
• Strong development potential (up to 10 levels, STCA)
• Flexible investment with future repositioning or redevelopment appeal

INVESTMENT APPEAL
This is a compelling opportunity for investors, developers, and value-add buyers seeking a versatile asset with multiple income streams and clear upside.
The current tenancy mix provides immediate holding income, while the vacant shop presents an opportunity to increase returns in the short term. Flexible lease arrangements further enhance the property’s appeal, allowing for strategic repositioning or future redevelopment.

LOCATION ADVANTAGE
Positioned within one of Melbourne’s evolving suburban activity centres, the property benefits from:

• Prominent corner exposure to high daily traffic volumes
• Immediate access to major arterial roads including Dorset Road
• Strong surrounding retail, commercial and residential catchment
• Ongoing government-backed revitalisation under the Boronia Renewal Strategy

FUTURE UPSIDE
With favourable zoning and inclusion within the Boronia Renewal Strategy, the property is well positioned for long-term capital growth and redevelopment potential (STCA), making it ideal for developers looking to capitalise on future density uplift.

For further information or to arrange an inspection, please contact Appleby Commercial on (03) 8727 9555.

*Denotes Approximate