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58 Lexton Rd 4,682 SF Industrial Condo Unit Offered at $1,289,520 in Box Hill North, VIC 3129
Investment Highlights
- Significant 1,754 sqm landholding in Box Hill North within Whitehorse City Council.
- Close proximity to Box Hill Central, hospital precincts, vibrant retail, and dining.
- Within the catchment of respected schools, including Kerrimuir Primary and Box Hill High School.
- Flexible development scope with no heritage or bushfire overlay constraints (STCA).
- Unmatched connectivity with the Eastern Freeway and nearby public transport routes.
Executive Summary
58 Lexton Road, Box Hill North, comprises an approximately 1,754 sqm land parcel within the municipality of Whitehorse. The site is currently designated for residential purposes and is located near major arterials such as the Eastern Freeway, as well as essential services and educational institutions. Planning data indicates the absence of heritage, flood, or bushfire overlays. Public transport and retail amenities in Box Hill are located within a short distance.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 3.55% |
| Sale Type | Investment |
| Cap Rate | 3.55% |
Description
GO Commercial Industrial proudly offers this outstanding investment opportunity within the tightly held Box Hill North industrial market. Positioned in one of Melbourne’s most established eastern corridors, Unit 8 combines modern functionality with long-term income security.
This high-quality asset comprises two levels of well-appointed office space totaling approximately 331 sqm, complemented by a 104 sqm clear-span warehouse serviced by a roller shutter door. Seven exclusive on-site car spaces provide excellent accessibility for staff and visitors. The property sits within Industrial 3 Zone (IN3Z), ensuring ongoing suitability for a broad range of industrial uses.
The investment is underpinned by a strong lease covenant to Cortrols Pty Ltd, a long-standing and reputable tenant. With a current lease in place until April 30, 2028, including further renewal options, this property offers investors secure income with all outgoings recoverable by the tenant. The passing rental of $63,953.42 p.a. ($147/sqm) underscores both stability and growth potential within a tightly constrained precinct.
This high-quality asset comprises two levels of well-appointed office space totaling approximately 331 sqm, complemented by a 104 sqm clear-span warehouse serviced by a roller shutter door. Seven exclusive on-site car spaces provide excellent accessibility for staff and visitors. The property sits within Industrial 3 Zone (IN3Z), ensuring ongoing suitability for a broad range of industrial uses.
The investment is underpinned by a strong lease covenant to Cortrols Pty Ltd, a long-standing and reputable tenant. With a current lease in place until April 30, 2028, including further renewal options, this property offers investors secure income with all outgoings recoverable by the tenant. The passing rental of $63,953.42 p.a. ($147/sqm) underscores both stability and growth potential within a tightly constrained precinct.
Sale Notes
58 Lexton Road represents a rare landholding opportunity in one of Melbourne’s most tightly held and dynamic eastern suburbs. Spanning approximately 1,754 sqm, this significant property offers outstanding potential for large-scale residential redevelopment, multi-unit townhome projects, or other strategic applications (STCA) within a well-serviced urban environment.
Situated within the Whitehorse City Council jurisdiction, the address benefits from clear planning advantages, with no heritage or bushfire overlays detected. The property is ideally positioned near major arterial roads, including the Eastern Freeway, ensuring direct connectivity to Melbourne’s CBD and surrounds. In addition, exceptional local amenity abounds, with Box Hill Central, renowned healthcare facilities, retail precincts, and extensive dining options located nearby.
The immediate area supports strong buyer demand, underpinned by high-ranking educational institutions such as Box Hill High School and Kerrimuir Primary School. Excellent transport infrastructure complements the location, with close access to buses, Box Hill station, and key thoroughfares, making this site highly attractive for future residents and developers alike.
Situated within the Whitehorse City Council jurisdiction, the address benefits from clear planning advantages, with no heritage or bushfire overlays detected. The property is ideally positioned near major arterial roads, including the Eastern Freeway, ensuring direct connectivity to Melbourne’s CBD and surrounds. In addition, exceptional local amenity abounds, with Box Hill Central, renowned healthcare facilities, retail precincts, and extensive dining options located nearby.
The immediate area supports strong buyer demand, underpinned by high-ranking educational institutions such as Box Hill High School and Kerrimuir Primary School. Excellent transport infrastructure complements the location, with close access to buses, Box Hill station, and key thoroughfares, making this site highly attractive for future residents and developers alike.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 8 | 4,682 SF | Industrial | $1,289,520 ($275.42/SF) | $45,816.23 |
Unit 8
| Unit Size |
| 4,682 SF |
| Condo Use |
| Industrial |
| Price |
| $1,289,520 ($275.42/SF) |
| NOI |
| $45,816.23 |
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Unit 8
| Unit Size | 4,682 SF |
| Condo Use | Industrial |
| Price | $1,289,520 ($275.42/SF) |
| NOI | $45,816.23 |
| Sale Type | Investment |
| Cap Rate | 3.55% |
| Description | |
| GO Commercial Industrial proudly offers this outstanding investment opportunity within the tightly held Box Hill North industrial market. Positioned in one of Melbourne’s most established eastern corridors, Unit 8 combines modern functionality with long-term income security.<br> <br> This high-quality asset comprises two levels of well-appointed office space totaling approximately 331 sqm, complemented by a 104 sqm clear-span warehouse serviced by a roller shutter door. Seven exclusive on-site car spaces provide excellent accessibility for staff and visitors. The property sits within Industrial 3 Zone (IN3Z), ensuring ongoing suitability for a broad range of industrial uses.<br> <br> The investment is underpinned by a strong lease covenant to Cortrols Pty Ltd, a long-standing and reputable tenant. With a current lease in place until April 30, 2028, including further renewal options, this property offers investors secure income with all outgoings recoverable by the tenant. The passing rental of $63,953.42 p.a. ($147/sqm) underscores both stability and growth potential within a tightly constrained precinct.</li></ul> | |
| Sale Notes | |
| 58 Lexton Road represents a rare landholding opportunity in one of Melbourne’s most tightly held and dynamic eastern suburbs. Spanning approximately 1,754 sqm, this significant property offers outstanding potential for large-scale residential redevelopment, multi-unit townhome projects, or other strategic applications (STCA) within a well-serviced urban environment.<br> <br> Situated within the Whitehorse City Council jurisdiction, the address benefits from clear planning advantages, with no heritage or bushfire overlays detected. The property is ideally positioned near major arterial roads, including the Eastern Freeway, ensuring direct connectivity to Melbourne’s CBD and surrounds. In addition, exceptional local amenity abounds, with Box Hill Central, renowned healthcare facilities, retail precincts, and extensive dining options located nearby.<br> <br> The immediate area supports strong buyer demand, underpinned by high-ranking educational institutions such as Box Hill High School and Kerrimuir Primary School. Excellent transport infrastructure complements the location, with close access to buses, Box Hill station, and key thoroughfares, making this site highly attractive for future residents and developers alike.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 18,966 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 18,966 SF |
| Property Subtype | Warehouse | Lot Size | 0.44 AC |
| Building Class | C |
| Total Building Size | 18,966 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 18,966 SF |
| Lot Size | 0.44 AC |
Amenities
- Mezzanine
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58 Lexton Rd
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