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SOLD

177 Station Street, Burwood, VIC, 3125

Properties / Sold / Victoria / Burwood

Development Potential

1. Property Summary

Property Type

Residential, Child/Healthcare

Sub Type

Apartment Sites, Townhouse Sites, Student Accom Sites, Aged Care

Land Area

0.40 hectares (*approx)

Selling Method

SOLD: SOLD

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2. Property Highlights

AN ACRE OF PREMIUM PARKFRONT LAND WITH INCOME

SOLD

Trading as the ‘Box Hill Motel’
Develop, value-add or invest
Thriving Deakin University precinct

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!

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

SAVILLS

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

NELSON ALEXANDER

Tom Alexiadis – 0417 030 452

Remember to mention you found this property on DevelopmentReady