523 Middleborough Road, Box Hill North, VIC 3129

Retail | Offices

Sold

  • Property ID: 444423
  • Floor Area: 94m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 12/06/2024 94m2 N/A Contact Agent
Box Hill North Freehold Investment In Tightly Held Retail Village

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

Box Hill North Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $213 ---
Offices --- $213 ---
Industrial $3571 --- ---
This is the average advertised price, rent and yield for Box Hill North, VIC 3129*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Email Agents
Tools
Print BrochureShare Property

  Stonebridge Property Group

 

View Agency Profile

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)




Forgot your password?

Don't have an account? Register

×

REGISTER (New Members)

Already have a CPG account? Login

×
The Guide The Guide
Subscribe

Subscribe to our informative monthly guide, where we share news, views and tips about commercial property and the industry in which we specialise.

I am a... *

×

×
REGISTER (New Members)




Already have a CPG account? Login

×