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