942-946 WHITEHORSE ROAD, BOX HILL VIC

PRIME MULTI-LET BOX HILL RETAIL INVESTMENT- SOLD

PRIME MULTI-LET BOX HILL RETAIL INVESTMENT  – SOLD

Emmetts completed the sale of a prime multi-let retail investment in Box Hill’s retail core, with future value add and redevelopment potential.

Retail, development

PROPERTY:

Situated on Whitehorse Road in Box Hill’s retail core, the property comprised three retail and office tenancies on a large landholding.

Investment considerations included:

+ Freehold with land area 970 sq m*

+ Building area 1,229 sq m*

+ Fully leased investment including long lease to popular restaurant chain China Chilli.

+ Future value-add letting potential with large Dark Zone tenancy.

+ Combined passing income $627,080 pa plus GST & Outgoings.

+ WALE 6.45 years by income.

+ Future redevelopment potential.

+ High visibility retail location with 25 metres* of frontage.

+ Affluent trade catchment undergoing significant population growth facilitated by high density residential developments in addition a pipeline of hotel projects.

* denotes approx.

For further information on this sale, contact the agents.

Call Us

Andrew Milligan
+61 421 559 992
Charles Emmett
+61 402 358 069

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