Properties / Sold / Victoria / Box Hill

20 Rutland Road, Box Hill, VIC, 3128

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SOLD

20 Rutland Road, Box Hill, VIC, 3128

A HOT SPOT FOR DEVELOPMENT

POINT OF INTEREST: 

Expressions of Interest closing Wednesday 23rd June 2021 at 2pm.  

Amongst the thriving hub of activity that is Box Hill, sits a local Chinese restaurant that has more than meets the eye. A single level commercial space currently tenanted to Beef Papa Hotpot, they provide locals with succulent Chinese meals and the current owners with $106,672.58 per annum in rent. Beyond Friday night dumplings and karaoke, the 600 sqm* of land and potential for a mixed-use development like that of nearby neighbours, will have the new owners singing the praises of the Victorian government. The main talking point? $20 Million currently being invested into the area, proving that it’s not just Victoria, but specifically, Box Hill that is the place to be.

-  Mixed Use future development potential (STCA)

- Total land area of 600 sqm*. 

- Commercial 1 Zoning.

- Generous 18 metres* frontage   

- Currently providing $106,672.58 per annum in rent.

- Box Hill Central just 120 m* away, with 16 bus route and Box Hill railway station linking all that surrounds.

- Tram route 109 travels from Whitehorse Road into Port Melbourne via Collins Street and the CBD.

 -260 m* from Whitehorse Road and a further 2.4 km* to the Eastern Freeway.

- Operating as Beef Papa Restaurant with a current term expiring 14th June 2022 and further term of Five (5) Years   

POINT OF VIEW:

You don’t need a cookie to tell you that this place will earn you a fortune.

* Freehold only for sale, business as usual for current tenant Beef Papa Hot pot 

*Approx.

Pricing excludes GST

Remember to mention you found this property on DevelopmentReady.com.au

Development Site Summary

  • EOI:
    EOI:
    Contact Agent
  • Property Area
    Area:
    600 m² (*approx)
  • Property Type
    Type:
    Commercial, Mixed Use,
  • Development Potential
    Development Potential:
    Mixed Use future development potential (STCA)

Due Diligence Tool

20 Rutland Road, Box Hill, VIC, 3128

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