Located only 14 km east of Melbourne's CBD, this perfectly positioned and significant Box Hill land holding of over 4,268 sqm is justifiably a highly valuable development site opportunity.
Marketed by the Colliers International Melbourne team of Hamish Burgess, Trent Hobart and Bryson Cameron, this site has Planning Permit for 517 apartments, a 150-room hotel plus commercial and retail spaces across 3 towers plus spectacular future view lines.
This significant corner position is surrounded by an abundant of conveniences including Box Hill Central, Box Hill Train Station, The Hospital precinct, The Education Precinct, plus a number of stunning gardens.
Overall, this site is perfectly located in one of Melbourne's most highly sought residential suburbs which currently holds a median unit price of $522,000 (2 bed, Core Logic). Importantly for the prospective developer, is that Box Hill has a track record as a proven, successful apartment market.
"Box Hill is a recognised district for developers seeking an opportunity to benefit from buyer demand for readily accessible lifestyle options. This site combines the opportunity to construct a spectacular development in a thriving cosmopolitan suburb. We consider this Approved Permitted site to be the best both in terms of location and potential, within Box Hill “- Hamish Burgess, Colliers International Melbourne.
Summary:
- Highly valuable Box Hill corner landholding of 4,268 sqm
- Tremendous Permit Approved status for 517 apartments, a 150-room hotel plus commercialand retail spaces across 3 towers.
- Commercial 1 Zone
- On the doorstep to Box Hill Central, Box Hill Train Station, The Hospital precinct, the Education Precinct, plus a number of stunning gardens.
Please note that all financials, measurements and distances quoted are approximate only.
851 WHITEHORSE ROAD, BOX HILL is for Sale by Expressions of Interest closing Tuesday 13 June 2017 at 3pm.
For more information please contact exclusive marketing agents Colliers International.
Hamish Burgess 0421 641 497, Trent Hobart 0433 196 452, Bryson Cameron 0434 608 316
