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26-28 Prospect Street Box Hill VIC 3128

  • Development / Land
  • For Sale, Please contact agent

Quality Box Hill Commercial Investment With Development Upside

  • Well-presented commercial building
  • Strong holding income
  • Approved planning permit

Colliers are pleased to exclusively present for sale 26-28 Prospect Street, Box Hill.

26-28 Prospect Street, Box Hill provides a highly rare opportunity to secure an office with an approved planning permit within the tightly held Prospect Street commercial hub. The asset provides maximum versatility to invest, value-add or develop.

Located in the heart of the Box Hill commercial and mixed-use precinct, just 14km east of the Melbourne CBD, the property has immediate access to an abundance of retail amenity, public transport and Melbourne's main road arterials. Box Hill is Victoria's fastest growing Metropolitan Activity Centre outside the Melbourne CBD, with one of Melbourne's busiest rail and bus transport hubs, first-rate health and education facilities and is home to Vicinity Centres' Box Hill Central.

Key features of this offering are outlined below:
- Four-level office building with a NLA of 3,028m²*
- Net Passing Income of $1,055,712 per annum*
- Estimated Fully Leased Income of $1,187,238 per annum*
- 93% leased with a WALE by income of 1.3 years*
- Commercial 1 zoned site of 1,207m²*
- Approved planning permit for a 30-level apartment and mixed-use project comprising 147 apartments, retail and commercial accommodation
- Close to Vicinity Centres' Box Hill Central one of Victoria's largest urban regeneration projects
- Precinct set to benefit from the future Suburban Rail Loop
- 4.5-Star NABERS Energy rating

*Approximately

For Sale via International Expressions of Interest closing Wednesday 30th June at 3pm (AEST).

To arrange an inspection or for more information please contact the Colliers team as the exclusive selling agents

Peter Bremner +61 412 326 942
Leon Ma +61 417 070 725
Rachael Clohesy +61 466 918 158
Joe Kairouz +61 421 430 638

*Approximate figure

Peter Bremner
Colliers International | Melbourne East
Peter Bremner
Colliers International | Melbourne East
Rachael Clohesy
Colliers International | Melbourne East
Rachael Clohesy
Colliers International | Melbourne East
Joe Kairouz
Colliers International | Melbourne East
Joe Kairouz
Colliers International | Melbourne East
Leon Ma
Colliers International | Melbourne East
Leon Ma
Colliers International | Melbourne East

Property Highlights

Property ID2017019763
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  28 May 2021
Map for 26-28 Prospect Street Box Hill VIC 3128
Map for 26-28 Prospect Street Box Hill VIC 312826-28 Prospect Street Box Hill VIC 3128
Peter Bremner
Colliers International | Melbourne East
Peter Bremner
Colliers International | Melbourne East
Rachael Clohesy
Colliers International | Melbourne East
Rachael Clohesy
Colliers International | Melbourne East
Joe Kairouz
Colliers International | Melbourne East
Joe Kairouz
Colliers International | Melbourne East
Leon Ma
Colliers International | Melbourne East
Leon Ma
Colliers International | Melbourne East

Property Highlights

Property ID2017019763
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  28 May 2021
Colliers International | Melbourne East
Chadstone Tower One Level 7, 1341 Dandenong Road Chadstone VIC 3148
Peter Bremner
Colliers International | Melbourne East
Peter Bremner
Colliers International | Melbourne East
Rachael Clohesy
Colliers International | Melbourne East
Rachael Clohesy
Colliers International | Melbourne East
Joe Kairouz
Colliers International | Melbourne East
Joe Kairouz
Colliers International | Melbourne East
Leon Ma
Colliers International | Melbourne East
Leon Ma
Colliers International | Melbourne East
Peter Bremner

Peter Bremner

Colliers International | Melbourne East

Rachael Clohesy

Rachael Clohesy

Colliers International | Melbourne East

Joe Kairouz

Joe Kairouz

Colliers International | Melbourne East

Leon Ma

Leon Ma

Colliers International | Melbourne East

0412 *** ***
0412 326 942

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