Stonebridge Property Group is pleased to present for sale 502-510 Station Street, Box Hill.
Located in the Box Hill Activity Centre, the Property comprises four adjoining landholdings, at the corner of Station Street and Albion Road. Featuring significant development potential benefitting from the Suburban Rail Loop.
Box Hill is a densely populated suburb with 4,535 persons per square km* (ABS 2021), highlighting the demand for high-density living. This property is an exceptional opportunity for developers to acquire a premier development site, in a prime Box Hill location, boasting high demand for housing highlighted by strong median house prices of $1,720,000^.
The key highlights of the opportunity include:
- Major corner landholding in Box Hill’s Activity Centre
- Expansive frontage to Station Street and Albion Road totalling 95 m*
- 400 m* from Box Hill’s CBD, the gateway to Melbourne's eastern suburbs and a popular multicultural dining and entertainment precinct.
- Scheme for a large-scale apartment building across 9-levels, comprising 58 dwellings (STCA)
- Planning advice from proUrban is available upon your request, outlining significant development upside (STCA).
- Existing holding income
- Favourable Residential Growth Zone allowing for a myriad of development alternatives including medical, childcare, car wash and more (STCA)
- Nearby several prestigious schools including Our Lady of Sion (800 m*), Kingswood College (900 m*) and Box Hill High School (1.2 km*)
- Surrounded by major institutions, Box Hill Hospital (1.1 km*), Box Hill Institute (1 km*) and ATO Head Office (750 m*)
- Exceptional and diverse retail amenities, located just 450 m* from Box Hill Central anchored by Coles and Woolworths, as well as having Box Hill South ALDI and surrounding specialty shops just 600 m* away
- Residents enjoy lifestyle amenity with Box Hill, Surrey Park (450 m*), Aqualink Box Hill (450 m*) and Box Hill Gardens (900 m*) in proximity
- Outstanding connectivity only 400 m* to Box Hill Train Station which is a major transport hub, further enhanced by the forthcoming Suburban Rail Loop Box Hill Station. As well as buses operating directly along Station Street
- Strong demand for residential housing in Box Hill, underpinned by their strong $1,720,000 median house price^
- Box Hill has significant population growth forecasts of 47.5% between now and 2041, highlighting the demand for residential housing and retail amenity in the established precinct
- Box Hill has seen substantial private and public investment in recent years, with projects including Sky Plaza, Sky Square and Vicinity’s $700,000,000* redevelopment of Box Hill Central, all underpinning the continual evolution of the Box Hill Activity Centre and making this a highly sought location to live
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
Chao Zhang ??
0411 625 068
Andrew Milligan
0421 559 992
* Approximately
^ REIV 2024
Property Code: 978