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An Acre of Premium Parkfront Land With Income

177 Station Street, BURWOOD VIC, 3125

Sold

Property Sold in 177 Station Street, BURWOOD VIC, 3125

Listing ID:
11358805
Status:
Sold
Price:
SOLD
Last Updated:
01/10/2019
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Property Type

Land/Development/Hotel/Leisure/Offices
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Land Area

4041 SQM
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Floor Area

4041 SQM
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Parking

N/A

An Acre of Premium Parkfront Land With Income

177 Station Street, Burwood represents an unprecedented opportunity to secure a magnificent landholding in one of Melbourne’s strongest growth locations, which provides valuable existing improvements and income. The property’s prime location provides for an unrepeatable development, value-add or investment opportunity.

The key attributes of this exceptional opportunity include:
- An incredible landholding of 4,041sq m*
- High quality existing improvements - ‘Box Hill Motel’
- Current net income of $175,534 per annum* + GST
- 3 year lease expiring May 2020 with a 1 year option
- A highly versatile site with premium parkland frontage, ideally suited for townhouses, apartments, student accommodation, aged care, etc (STCA)
- General Residential Zone 3
- A premium location within immediate proximity to Deakin University, Mount Scopus Memorial College and PLC
- Exceptional access to local amenity including nearby Box Hill Central, being one of Melbourne’s most prominent activity hot spots!

SOLD

SAVILLS

Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888

NELSON ALEXANDER

Tom Alexiadis – 0417 030 452

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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