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Coles lists Boronia supermarket

Coles has listed for sale its 10,000sqm GLA Boronia supermarket and adjoining Kmart store. The property includes a new 12-year lease to the Coles supermarket and an established Kmart DDS lease that expires in 2025. One hundred per cent  of the net income of $2.05 million is derived from the leases. Boronia is a major centre within the growing city of Knox, about an hour east of the Melbourne CBD. Knox has a population of about 164,000 and is expected to add another 28,000 residents – a 17