Prime Securely Leased Investment with Future Development Upside

RWC Oakleigh is pleased to present 31-39 Erica Avenue, Boronia, VIC 3155 to market via Private Treaty.

Offering a substantial mixed-use landholding directly opposite Boronia Train Station, surrounded by established retail, dining and transport infrastructure.
Strategically positioned within the Boronia Activity Centre, this is one of the few large-scale, permit-endorsed sites remaining in the precinct - ideal for developers seeking a ready-to-commence project or investors securing a landmark holding in Melbourne's thriving eastern corridor.

Occupying an expansive 2,315m² of land* with an existing 1,500m² building*, the property is currently improved by a high-clearance commercial facility leased by Busy Bodies Gym on a 5 year lease that commenced on the 1st of July 2024 with an additional 5 year term. Providing holding income of $173,055.96* per annum plus GST and Outgoings.

Zoned Mixed Use (MUZ), the property is supported by approved and endorsed plans for a multi-storey residential development designed by Ratio Consultants. The scheme includes thoughtfully designed apartments centred around a communal atrium courtyard, contributing to Boronia's transition toward a more vibrant, high-amenity urban precinct.

Key Details:

• Land Area: 2,315 m²*
• Building Area: 1,500m²*
• Mixed Use Zone (MUZ)
• Current rental | $173,055.96* p.a. + GST + o/g
• 5 year term commenced 1/7/2024
• 1 Additional 5 year term
• Approved planning permit & endorsed plans (Ratio Consultants)
• Highly accessible location opposite Boronia Train Station
• Surrounded by established retail, dining & community amenity
• Exceptional scope for future development (STCA)

For further information please contact one of the exclusive marketing agents below:

George Kelepouris | 0425 798 677
Jonathan On | 0479 003 122

* All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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