OVERVIEW

Under Instructions from Matthew Hutton and Matthew Caddy of McGrathNicol as Agents for the Mortgagee in Possession, Cushman & Wakefield Development Sites is pleased to present 702-706 Station Street, Box Hill for sale.

Fronting Station Street with unique laneway access, this vacant block of land offers a shovel ready development site, leveraging its current permit and offering potential for additional value add and/or alternate use development options (STPA).

Key details of the development site include:

• 1,360sqm* vacant development opportunity with unique laneway access.

• Zoned Commercial 1 (C1Z) within Box Hill Metropolitan Activity Centre.

• Permit approval for a prominent building, incorporating 162 hotel rooms plus facilities.

• Total above ground GFA of 11,187sqm* and NSA of 7,879sqm*.

• Box Hill offers a prime opportunity for hotel/short-stay development, driven by a significant shortage of accommodation options.

• This property presents a genuine value-add opportunity, aligned with the SRL East Precinct planning report which provides opportunity for a building height of up to 20-levels, exceeding the existing permit set at 15-levels (STPA).

• Fantastic location within Melbourne’s second CBD, walking distance to Box Hill Train Station, Vicinity Shopping Centre as well as all the hospitality venues along Whitehorse Road and Station Street.

*Approx.

STPA: subject to planning approval

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Joe Kairouz +61 421 430 638

Hamish Burgess +61 421 641 497

Leon Ma 马海翔 +61 417 070 725

Oliver Hay +61 419 528 540