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20 Rutland Road
Box Hill VIC 3128
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Sold on 28 Jun 2021

20 Rutland Road Box Hill VIC 3128

  • Development / Land
  • 600 m²
  • Sold

A HOT SPOT FOR DEVELOPMENT

    POINT OF INTEREST: 
    Expressions of Interest closing Wednesday 23rd June 2021 at 2pm.  

    Amongst the thriving hub of activity that is Box Hill, sits a local Chinese restaurant that has more than meets the eye. A single level commercial space currently tenanted to Beef Papa Hotpot, they provide locals with succulent Chinese meals and the current owners with $106,672.58 per annum in rent. Beyond Friday night dumplings and karaoke, the 600 sqm* of land and potential for a mixed-use development like that of nearby neighbours, will have the new owners singing the praises of the Victorian government. The main talking point? $20 Million currently being invested into the area, proving that it’s not just Victoria, but specifically, Box Hill that is the place to be.

    -  Mixed Use future development potential (STCA)
    - Total land area of 600 sqm*. 
    - Commercial 1 Zoning.
    - Generous 18 metres* frontage   
    - Currently providing $106,672.58 per annum in rent.
    - Box Hill Central just 120 m* away, with 16 bus route and Box Hill railway station linking all that surrounds.
    - Tram route 109 travels from Whitehorse Road into Port Melbourne via Collins Street and the CBD.
     -260 m* from Whitehorse Road and a further 2.4 km* to the Eastern Freeway.
    - Operating as Beef Papa Restaurant with a current term expiring 14th June 2022 and further term of Five (5) Years   

    POINT OF VIEW:

    You don’t need a cookie to tell you that this place will earn you a fortune.

    * Freehold only for sale, business as usual for current tenant Beef Papa Hot pot 
    *Approx.
    Pricing excludes GST

    Property Highlights

    Date Sold28 Jun 2021
    Floor Area383 m²
    Land Area600 m²
    ParkingAsk Agent
    Property ID2017019995
    Category
    Last updated  5 Jul 2021
    Map for 20 Rutland Road Box Hill VIC 3128

    Property Highlights

    Date Sold28 Jun 2021
    Floor Area383 m²
    Land Area600 m²
    ParkingAsk Agent
    Property ID2017019995
    Category
    Last updated  5 Jul 2021
    18-20 Russell Street Melbourne VIC 3000

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