Log In/Sign Up
Your email has been sent.
316 Station St 1,184 SF Retail Building Box Hill South, VIC 3128 $572,758 ($483.74/SF)
Investment Highlights
- Mixed-use property with an established milk bar tenancy and on-site dwelling.
- Located in a sought-after neighborhood with a median house price of $1,500,000, indicating strong surrounding property values.
- Lease structure includes a 3-year 9-month initial term from March 2021 and two further 3-year options.
Executive Summary
This property presents a mixed-use investment opportunity comprising a tenanted milk bar and residential dwelling in a well-established neighborhood. Featuring a building area of approximately 110 sqm on a landholding of 215 sqm (measuring roughly 6m x 36m), the asset combines steady income with potential for future value-add.
The current lease commenced in March 2021 for a term of three years and nine months, with two further options of three years each. The property generates an annual rental income of $33,745.92 plus outgoings, all of which are payable by the tenant. The site benefits from Commercial 1 zoning and offers excellent rear access, providing scope for parking or potential future redevelopment subject to council approval (STCA).
With its prominent location in a neighborhood boasting a strong residential median house price of $1,500,000, this property appeals to investors seeking security and long-term upside or renovators aiming to reposition the site for enhanced returns.
The current lease commenced in March 2021 for a term of three years and nine months, with two further options of three years each. The property generates an annual rental income of $33,745.92 plus outgoings, all of which are payable by the tenant. The site benefits from Commercial 1 zoning and offers excellent rear access, providing scope for parking or potential future redevelopment subject to council approval (STCA).
With its prominent location in a neighborhood boasting a strong residential median house price of $1,500,000, this property appeals to investors seeking security and long-term upside or renovators aiming to reposition the site for enhanced returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,184 SF
Building Class
C
Price
$572,758
Price Per SF
$483.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.05 AC
Frontage
16’ on Station Street
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
316 Station St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.