- Strategic landholding of 1,042m2 approx.
- Zoned RESIDENTIAL GROWTH ZONE (RGZ1) which encourages medium to high density development outcomes STCA
- Situated within the highly sought after Box Hill hospital and Box Hill Tafe precinct and only 700m to box hill central
- Significant development upside STCA
- Fully leased holding income $89,000pa approx.
- Incredible local and off-shore demand for apartments and townhouses in this area
- Substantial well maintained double story residence offering 7 bedrooms + caretakers residence/bungalow and 3 bathroom - currently being utilised as a rooming facility
- The property offers Enormous Flexibility whether you are looking to develop, invest or even occupy. Properties such as this are extremely rare to come by
The immediate location is further enhanced by Numerous major Commercial and Government offices as well as major educational and Medical Institutions. There are numerous major commercial / High Density Residential developments currently being undertaken which further underpins the viability of this major eastern suburb location
OPEN FOR INSPECTION
Tuesday 11/10/16 @ 3pm – 3.30pm
Wednesday 12/10/16 @3pm – 3.30pm
Saturday 15/10/16 @ 11am -11.45am