30 Cambridge Street, Box Hill

A 902sqm site located at 30 Cambridge Street, Box Hill, owned by Telstra Limited and adjoining an existing telephone exchange has been sold on an unconditional basis. The sale price was $4,700,000 with the sale completing on a short-term settlement.

The sale was handled by Julian White and Chao Zhang from Stonebridge Property Group, along with Transaction Advisor, Charter Keck Cramer.

“We are witnessing increased levels of demand from developers to enter the Box Hill market, buoyed by confidence on the commencement of Asian immigration back to Australia with border policies relaxing.” - Stonebridge Partner, Chao Zhang.

The property was purchased buy Zynergy Property with Director Alex Zhang.

“Box Hill has been a booming Asian cultural hub for many decades, most of the developments have been focused on residential apartments which have now reached a transitional point. Zynergy Property have a strong retail background, we believe in diversity and delivering a Commercial outcome for the site that enhances the living experiences for all occupants in Box Hill.”  - Director Alex Zhang