Under Instructions from Matthew Hutton and Matthew Caddy of McGrathNicol as Agents for the Mortgagee in Possession, Cushman & Wakefield Melbco Development Sites is pleased to present 702-706 Station Street, Box Hill for sale by Expressions of Interest closing Thursday 22 August at 12pm (AEST).
Fronting Station Street with unique laneway access, this vacant block of land offers a shovel ready development site, leveraging its current permit and offering potential for additional value add and/or alternate use development options (STPA).
Key details of the development site include:
1,360sqm* vacant development opportunity with unique laneway access.
Zoned Commercial 1 (C1Z) within Box Hill Metropolitan Activity Centre.
Permit approval for a prominent building, incorporating 162 hotel rooms plus facilities.
Total above ground GFA of 11,187sqm* and NSA of 7,879sqm*.
Box Hill offers a prime opportunity for hotel/short-stay development, driven by a significant shortage of accommodation options.
This property presents a genuine value-add opportunity, aligned with the SRL East Precinct planning report which provides opportunity for a building height of up to 20-levels, exceeding the existing permit set at 15-levels (STPA).
Fantastic location within Melbourne's second CBD, walking distance to Box Hill Train Station, Vicinity Shopping Centre as well as all the hospitality venues along Whitehorse Road and Station Street.
*Approx.
STPA: subject to planning approval
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Joe Kairouz +61 421 430 638
Hamish Burgess +61 421 641 497
Leon Ma +61 417 070 725
Oliver Hay +61 419 528 540
