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1121 Whitehorse Rd 1,367 SF Retail Building Box Hill, VIC 3128 $648,405 ($474.32/SF) 5.88% Cap Rate
Investment Highlights
- C1Z land with DDO4 overlay providing multi-level development potential (STCA).
- Immediate access to public transport, retail amenities, dining, and business services.
- Prominent frontage along Whitehorse Road with strong vehicle and pedestrian exposure.
Executive Summary
1121 Whitehorse Road offers investors a secure, income-generating retail asset in the dynamic Box Hill precinct, one of Melbourne’s fastest-growing commercial and residential hubs. Positioned on a high-exposure strip, this property benefits from immediate connectivity to key arterials, Box Hill Central, and multiple public transport options including tram, train, and bus services. Surrounded by bustling retail, dining, and amenity-rich developments, the location sustains strong tenant demand and long-term growth potential.
The building spans approximately 127 m² and sits within the Commercial 1 Zone (C1Z) on a 130 m² site, enhanced by rear access and essential amenities including kitchenette and toilets. Held under a secure lease structure of 2+3+3+3 years, the asset generates a current annual rental income of $52,920 plus GST, indexed by a 5% annual increase, offering compelling income stability. Further upside exists through development potential under the Design and Development Overlay Schedule 4 (DDO4), which allows for multi-level projects subject to council approval. Additionally, no stamp duty payable on acquisition delivers an estimated saving of around $50,000 to an incoming purchaser.
The building spans approximately 127 m² and sits within the Commercial 1 Zone (C1Z) on a 130 m² site, enhanced by rear access and essential amenities including kitchenette and toilets. Held under a secure lease structure of 2+3+3+3 years, the asset generates a current annual rental income of $52,920 plus GST, indexed by a 5% annual increase, offering compelling income stability. Further upside exists through development potential under the Design and Development Overlay Schedule 4 (DDO4), which allows for multi-level projects subject to council approval. Additionally, no stamp duty payable on acquisition delivers an estimated saving of around $50,000 to an incoming purchaser.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,367 SF
Building Class
C
Price
$648,405
Price Per SF
$474.32
Cap Rate
5.88%
NOI
$38,126
Tenancy
Single
Building Height
1 Story
Building FAR
0.98
Lot Size
0.03 AC
Frontage
18’ on Whitehorse Road
Amenities
- Signage
- Air Conditioning
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Contacts
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Jeff Stefanidis -
Dylan Ashby -
Mathew Dompietro -
Tom Gilbert -
Joshua Bartlett -
Ian Qiu -
Hudson Bond Commercial Pty. Ltd.
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1121 Whitehorse Rd
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