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523 Middleborough Road
Box Hill North VIC 3129
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Sold on 12 Jun 2024

523 Middleborough Road Box Hill North VIC 3129

  • Shop & Retail
  • 94 m²
  • Sold

Box Hill North Freehold Investment In Tightly Held Retail Village

  • Invest, Occupy or Value Add
  • Located Opposite Coles Express
  • 213 sqm* Land + Rear Access

Stonebridge Property Group, in conjunction with Wilson Commercial, are pleased to present for sale 523 Middleborough Road, Box Hill North via Public On-site Auction.

The key highlights of the opportunity include:

- A flexible Box Hill North freehold with a strategic lease to longstanding tenant providing untapped future potential

- Leased by longstanding tenant Kerrimuir Noodle Bar who boast a leading local following and strong reviews (4.7 star UberEATS rating)

- Tenanted on a 5-year lease term with no further options to renew, providing occupier and value add potential from 2026

- An underutilised 213 sqm* landholding, coupled with favourable zoning and precedent for additional height provides exciting value add possibilities

- The flexible freehold boasts surplus rear land and complementary rear lane access/parking a major advantage for the current and future tenants

- The property well positioned on the heavily trafficked Middleborough Road with exposure to 27,000* passing cars daily

- Middleborough Road is a strong trading and tightly held precinct anchored by national/international retailers, McDonald's, Coles Express, Red Rooster and Subway

523 Middleborough Road, Box Hill North is offered for sale via Public On-site Auction on Wednesday 12th June 2024 at 2:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Stonebridge Property Group:

Nic Hage
0448 782 594

Ian Lam
0416 621 859

Rorey James
0439 400 081

Wilson Commercial:

Adam Guest
0425 288 888

Alan Watson
0434 398 818

* Approximately

Property Code: 959

Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold12 Jun 2024
Floor Area94 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019236841
Category
Last updated  12 Jun 2024
Map for 523 Middleborough Road Box Hill North VIC 3129
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold12 Jun 2024
Floor Area94 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2019236841
Category
Last updated  12 Jun 2024

Co-Agents

Nic Hage
Stonebridge Property Group VIC
Call
+61 448 782 594
Rorey James
Stonebridge Property Group VIC
Call
+61 439 400 081
Ian Lam 林煒峻
Stonebridge Property Group VIC
Call
0416 621 859
Alan Watson
Alan Watson
Wilson Glen Eira Pty Ltd
Call
0434 398 818

More about 523 Middleborough Road Box Hill North VIC 3129

523 Middleborough Road Box Hill North VIC 3129 is categorized as Shop & Retail Property. It has a floor area of 94 m². The listing ID for this property is 2019236841.

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