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925 Whitehorse Road Box Hill VIC 3128

  • Development / Land
  • Land Size920 m²
  • PriceCommercial Auction

SERIOUS UPSIDE

Development Potential of 16-20 levels (STCA)
Land area of 920 sqm.
Lease Expiry December 2022
Perfectly positioned in the heart of the Box Hill business precinct

This fantastic property is currently leased to Australias largest chemist retailer, Chemist Warehouse. There are still a number of years to run on the existing lease but there are no further options which opens up the potential for a high-rise development. In the immediate area there have been several recent planning approvals for high density residential apartment buildings with building heights of 25 plus levels that will continue to reshape this area. The demand for land in the precinct remains strong and in the medium to long term this site will be ripe to be redeveloped (STCA) taking full advantage of its location and zoning.

For now, enjoy the security of income whilst planning for an even brighter future in what is Melbournes biggest and fastest growing satellite CBD, Box Hill. Aston Commercial highly recommend this strategic commercial property for your serious consideration.

Auction date and time08/08/2019 12:00
Auction location925 Whitehorse Road, Box Hill VIC

Property Highlights

Property ID2015433243
Floor Area346 m²
Land Area920 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  10 Jul 2019
Map for 925 Whitehorse Road Box Hill VIC 3128
Aston Commercial
Level 1, 107-111 High Street Prahran VIC 3181

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