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SOLD

46 Lexton Road, Box Hill North, VIC, 3129

Properties / Sold / Victoria / Box Hill North

Development Potential

1. Property Summary

Property Type

Industrial

Zoning

IN3Z

Local Government

City of Whitehorse

Selling Method

EOI: Closing Tuesday, 23 April 2024 at 3pm (AEST)

EOI Closing Date

23 Apr 2024 03:00PM

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2. Property Highlights

Rare Offering in Tightly Held Precinct

3,568sqm* development site
Short WALE providing holding income
Located within a tightly held precinct

Dawkins Occhiuto are excited to present for your consideration a rare offering in a tightly held Box Hill precinct. The site is in an exclusive industrial area of Box Hill North, where less than 40% of sites exceed 750sqm in size, highlighting the exceptional scarcity of this opportunity.

This property comprises a substantial 3,568sqm* Industrial 3 zoned site boasting a strategic location primed to benefit from the surrounding road and business infrastructure. The site is currently improved with an office warehouse and additional shed with a total GLA of 1,842sqm* and is occupied by MCC Verstraete Australia, a Multi-Colour Company.

This property presents an ideal chance for an owner-occupier or developer to leave their imprint on the coveted Box Hill North area.

Key features of the offering include:

Industrial 3 zoned site of 3,568sqm*
Office warehouse of 1,684sqm* plus rear shed/storage of 158sqm*
Exceptional development potential for a new industrial warehouse, self-storage facility, industrial units, or a place of worship (STCA)
Leased to MCC Verstraete, an MCC Multi-Color Corporation
Net Passing Income of $196,385 p.a.*
Situated within a tightly held industrial precinct of Box Hill North

*approx.

This property is offered for Sale via International Expressions of Interest closing Tuesday, 23 April 2024 at 3.00pm (AEST)

Please contact exclusive selling agents Dawkins Occhiuto for more information.