20 Rutland Road, Box Hill, VIC 3128

Development/Land | Retail

Sold

Sold

  • Property ID: 390294
  • Floor Area: 383m²
  • Land Area: 600m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 383m2 600m2 Contact Agent
A HOT SPOT FOR DEVELOPMENT

POINT OF INTEREST:
Expressions of Interest closing Wednesday 23rd June 2021 at 2pm.

Amongst the thriving hub of activity that is Box Hill, sits a local Chinese restaurant that has more than meets the eye. A single level commercial space currently tenanted to Beef Papa Hotpot, they provide locals with succulent Chinese meals and the current owners with $106,672.58 per annum in rent. Beyond Friday night dumplings and karaoke, the 600 sqm* of land and potential for a mixed-use development like that of nearby neighbours, will have the new owners singing the praises of the Victorian government. The main talking point? $20 Million currently being invested into the area, proving that it’s not just Victoria, but specifically, Box Hill that is the place to be.

- Mixed Use future development potential (STCA)
- Total land area of 600 sqm*.
- Commercial 1 Zoning.
- Generous 18 metres* frontage
- Currently providing $106,672.58 per annum in rent.
- Box Hill Central just 120 m* away, with 16 bus route and Box Hill railway station linking all that surrounds.
- Tram route 109 travels from Whitehorse Road into Port Melbourne via Collins Street and the CBD.
-260 m* from Whitehorse Road and a further 2.4 km* to the Eastern Freeway.
- Operating as Beef Papa Restaurant with a current term expiring 14th June 2022 and further term of Five (5) Years

POINT OF VIEW:

You don’t need a cookie to tell you that this place will earn you a fortune.

* Freehold only for sale, business as usual for current tenant Beef Papa Hot pot
*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to lease
  • Lease Term: Five (5) + Five (5) Years
  • Rent Review: Annual 3.5% reviews, Market value at options
  • Car Spaces: at rear
  • Condition: Very good
  • Floors: Concrete
  • Lifts: N/A
  • Car Parking Fees: N/A
Outgoings
  • Land Tax: $52,920.00 (single holding)
  • Council Rates: $8,538.60
  • Owners Corp. / Insurance: NA
Box Hill Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $203 ---
Retail $10000 $408 4.08%
Offices --- $962 ---
This is the average advertised price, rent and yield for Box Hill, VIC 3128*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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