A HOT SPOT FOR DEVELOPMENT

EOI – Leased Investment - 20 Rutland Road, Box Hill

Investment opportunity, Development/Land (Offices, Retail, Medical, Residential, Hotel/Leisure), Retail

Overview

Property ID: 18611
Price: Contact Agent
Rent: $106,673 (ex. GST)
Building: 383m²
Land: 600m²
Zoning: Commercial 1 Zone
EOI
23/06/2021 02:00 PM
Add to Calendar 23/06/2021 02:00 PM 23/06/2021 02:00 PM Australia/Melbourne EOI – Leased Investment - 20 Rutland Road, Box Hill A HOT SPOT FOR DEVELOPMENT Ian Angelico [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

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 Info

Features
TenancyBeef Papa Pty Ltd
Lease TermFive (5) + Five (5) Years
Commenced15th June 2017
Rent ReviewAnnual 3.5% reviews, Market value at options
Bond/Guarantees$41,492.00
Outgoings PayableBY Lessee
AvailabilitySubject to lease
Car Parking FeesN/A
Car Spacesat rear
ConditionVery good
FloorsConcrete
LiftsN/A
Permits IssuedNA
Roller DoorsN/A
Suitable DevelopmentMultilevel mixed use residential and commercial
Wheel Chair AccessYes
ZoningCommercial 1 Zone
Outgoings
Owners’ CorporationNA
Council Rates$8,538.60
Land Tax$52,920.00 (single holding)

Agent Details

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