177 STATION STREET, BURWOOD

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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!

*Approx.

177 Station Street, Burwood is For Sale by Expressions of Interest closing Wednesday 25 September at 2pm.

 

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