Stonebridge Property Group is pleased to present for sale, 4 Watts Street, Box Hill.

4 Watts Street, is a triple fronted fully let aged care building with rear surplus land used as car parking in the Box Hill CBD. The property is secured by a brand-new 3-year lease to a renowned aged care operator Active Community Group.

The property is within the Box Hill medical precinct and only 250 m* to Box Hill Central underpinned by the Box Hill Train Station.

The key highlights of the property include:

• Fully let to Active Community Group, an aged care provider who has established themselves as a leading health care operator in Melbourne for over a decade
• Active Community Group have a secured on a brand new 3-year lease term plus options until 2032 returning $300,000* + GST and Outgoings
• Substantial 725 sqm* landholding with significant fixed upside noting the previously approved permit for a 9-storey residential development (STCA)
• Zoned Commercial 1 (C1Z) allowing future flexibility for tenants, retail activation, or development outcomes (STCA)
• Rare triple fronted landholding with rear surplus land utilised as car parking for 14+ vehicles
• Existing improvements comprise a 556 sqm* medical building complete with full DDA (disability) access including DDA compliant bathrooms and entry/exit ramps
• Strategically located in the Box Hill CBD Activity Centre and only 250 m* to Box Hill Central and subsequent retail and transport amenity underpinned by the Box Hill Train Station (250 m*).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

* approximate