Stonebridge Property Group is pleased to present for sale 701-707 Whitehorse Road, Mont Albert.
701-707 Whitehorse Road, Mont Albert is a 1,406 sqm* collection of fully leased shops with a rare Mixed-Use Zone that allows for a retail, residential, commercial (etc) development outcome (STPA).
The property resides in Mont Albert, an affluent eastern suburb neighbourhood, and along the major arterial, Whitehorse Road. Major amenity including Box Hill Central (1.4 km*) and Union Train Station (900m) as well as multiple affluent schools, Mont Albert Primary School (325 m*) and Box Hill Senior Secondary College (775 m*), are moments from the Property.
Key highlights of the opportunity include:
- 1,406 sqm* landholding with significant 68 m* total street/laneway frontage, including 34 m* to the major arterial, Whitehorse Road
- Rare Mixed-Use Zone landholding and rear laneway access provides significant development potential
- Fully leased collection of properties returning $201,911* + GST Net Rental Income
- Union Train Station (900 m*), Box Hill Train Station (1.4 km*) as well as tram & bus stops along Whitehorse Road provide direct CBD and Greater Melbourne access
- Box Hill Central (1.4 km*), Westfield Doncaster (3.50 km*) and retail strips along Whitehorse Road (500 m*) and Union Road (1 km*) provide excellent retail amenity
- Strong employment opportunities in the neighbouring Box Hill commercial precinct including the extensive medical industry, Australian Taxation head office and Box Hill Institute
- Close proximity to Mont Albert Primary School (325 m*), Koonung Secondary College (1.5 km*) and elite sporting school, Box Hill Senior Secondary College (775 m*)
- Mont Albert’s median house price is $2,930,000, which has grown at a significant 12.9% p.a. over the past 5 years^
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
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