Emmetts Real Estate is pleased to present to the market an exceptional investment opportunity within the retail core of the pre-eminent growth centre of Melbourne's eastern suburbs.
Box Hill embodies the essence of of what makes Melbourne the world's most liveable city.
- A growing multicultural population with more than 4,000 apartments in the development pipeline.
- Excellent accessibility boasting the busiest transport hub in Melbourne's eastern suburbs.
- An education services hub attracting 60,000 students (City of Whitehorse).
- A major health services hub attracting significant investment.
- A major centre for employment with several key major office occupiers.
- Outstanding lifestyle amenity with an abundance of well kept parks.
- All surrounding an exciting retail and restaurant precinct in a central core.
The property is a major freehold of outstanding proportions within the retail and restaurant core of Box Hill:
- High visibility main road retail location.
- Major strategic freehold land holding of 970 sq m approx.
- Large building area 1,229 sq m split into 3 large tenancies.
- Enormous 25m retail frontage.
- Additional frontage to Birds Lane providing direct access to Market St Mall and Main Street Mall with future laneway retail potential.
- Fully leased to 3 tenants.
- Includes new 10 year lease to China Chilli.
- Dark Zone have also been in occupation for 20 years.
- WALE 6.45 years by income.
- Rent of $627,080 pa plus outgoings plus GST.
- 3 separate titles.
- Multiple future strategic options to add value or redevelop (STPA).
For further details, please contact the exclusive sales and marketing agent Charles Emmett of Emmetts Real Estate.
