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Sold on 5 Jul 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

    Ian Angelico
    CVA Property Consultants Pty Ltd
    Ian Angelico
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    CVA Property Consultants Pty Ltd

    Property Highlights

    Property ID2017019995
    Date Sold5 Jul 2021
    Floor Area383 m²
    Land Area600 m²
    ParkingAsk Agent
    Category
    Last updated  5 Jul 2021
    Map for 20 Rutland Road Box Hill VIC 3128
    Map for 20 Rutland Road Box Hill VIC 312820 Rutland Road Box Hill VIC 3128
    Ian Angelico
    CVA Property Consultants Pty Ltd
    Ian Angelico
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    CVA Property Consultants Pty Ltd

    Property Highlights

    Property ID2017019995
    Date Sold5 Jul 2021
    Floor Area383 m²
    Land Area600 m²
    ParkingAsk Agent
    Category
    Last updated  5 Jul 2021
    CVA Property Consultants Pty Ltd
    18-20 Russell Street Melbourne VIC 3000
    Ian Angelico
    CVA Property Consultants Pty Ltd
    Ian Angelico
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    CVA Property Consultants Pty Ltd
    Jarrod Moran
    CVA Property Consultants Pty Ltd
    Ian Angelico

    Ian Angelico

    CVA Property Consultants Pty Ltd

    Jarrod Moran

    Jarrod Moran

    CVA Property Consultants Pty Ltd

    0418 *** ***
    0418336088

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