Savills is delighted to offer for sale this high profile, substantial Box Hill corner landholding at 867-879 Canterbury Road (Corner Station Street).

The key attributes of the property include:

  • Major corner landholding of 1,637sq m*

  • Extensive corner frontage of 76m* plus rear lane

  • Flexible Commercial 1 Zone with potential for at least 5 levels (STCA)

  • 10 year lease to ‘IMO Car Wash’ commencing August 2009

  • Two further five year options

  • Current Net Rental: $178,478 per annum + Outgoings & GST

  • A superb position within the Box Hill South retail precinct amongst Liquorland, BP, Aldi and more

  • Multiple bus routes service the area, and Box Hill Train Station is a short distance away

  • Close proximity to central Box Hill, which is one of Melbourne’s most important activity centres and culinary/retail hot spots

  • An ideal Box Hill land bank opportunity with significant future development potential!

The opportunity to secure such a high calibre investment with significant development potential is very rare, especially when you consider the strong holding income, prime corner positioning and large landholding.  Accordingly we encourage prospective purchasers to actively consider this excellent opportunity.

867-879 Canterbury Road, Box Hill is For Immediate Private Sale.