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.
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