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Sold on 30 Sep 2019

177 Station Street Burwood VIC 3125

  • Development / Land
  • 4,041 m²
  • Sold

An Acre of Premium Parkfront Land With Income

  • Trading as the ‘Box Hill Motel’
  • Develop, value-add or invest
  • Thriving Deakin University precinct

177 Station Street, Burwood represents an unprecedented opportunity to secure a magnificent landholding in one of Melbournes strongest growth locations, which provides valuable existing improvements and income. The propertys prime location provides for an unrepeatable development, value-add or investment opportunity.

The key attributes of this exceptional opportunity include:
- An incredible landholding of 4,041sq m*
- High quality existing improvements - Box Hill Motel
- Current net income of $175,534 per annum* + GST
- 3 year lease expiring May 2020 with a 1 year option
- A highly versatile site with premium parkland frontage, ideally suited for townhouses, apartments, student accommodation, aged care, etc (STCA)
- General Residential Zone 3
- A premium location within immediate proximity to Deakin University, Mount Scopus Memorial College and PLC
- Exceptional access to local amenity including nearby Box Hill Central, being one of Melbournes most prominent activity hot spots!

SAVILLS

Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888

NELSON ALEXANDER

Tom Alexiadis 0417 030 452

Property Highlights

Property ID2015534784
Date Sold30 Sep 2019
Floor Area4,041 m²
Land Area4,041 m²
EnergyAsk Agent
ParkingAsk Agent
Building TypeWhole building
Category
Last updated  30 Sep 2019
Map for 177 Station Street Burwood VIC 3125
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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