177 STATION STREET, BURWOOD
177 Station Street, Burwood – The Box Hill Motel represents an unprecedented opportunity to secure a magnificent landholding in one of Melbourne’s strongest growth locations, whilst also providing valuable existing 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!
177 Station Street, Burwood is For Sale by Expressions of Interest closing Wednesday 25 September at 2pm.