Box Hill apartment development site listed with $7m hopes
The 1013 sqm site is expected to fetch in the mid $7 millions
A high rise development at Box Hill, in Melbourne’s east, has been listed with $7 million hopes.
Offers from developers are due by November 11 with mid-$7 million expectations.
Located at 4 Shipley Street, just off Whitehorse Rd/Maroondah Hwy and 150 metres from Box Hill shopping centre, the property currently comprises a single level warehouse.
The mixed Use zoned site allows housing at higher densities.
The property will be sold subject to a 12 month lease to Box Hill Panels at $123,341 per annum net.
Marketing agents, Teska Carson’s Stephen Speck and Michael Ludski, said the site would provide the successful purchaser with an "outstanding development opportunity" within what has been dubbed Melbourne’s `second city’.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
