20 Rutland RoadBox Hill VIC 3128
Property Details for 20 Rutland Rd, Box Hill
Last Listing description (July 2021)
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 its 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 dont 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
Property History for 20 Rutland Rd, Box Hill, VIC 3128
- 29 Feb 2024Sold for $6,250,000
- 28 Jun 2021Sold for $5,000,000
- 20 May 2021Listed for Sale Contact Agent
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0About Box Hill 3128
The size of Box Hill is approximately 3.5 square kilometres. It has 18 parks covering nearly 14.2% of total area. The population of Box Hill in 2011 was 9,671 people. By 2016 the population was 11,416 showing a population growth of 18.0% in the area during that time. The predominant age group in Box Hill is 20-29 years. Households in Box Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Box Hill work in a professional occupation. In 2011, 46.5% of the homes in Box Hill were owner-occupied compared with 39.4% in 2016.
Box Hill has 11,484 properties. Over the last 5 years, Houses in Box Hill have seen a 5.92% increase in median value, while Units have seen a -4.45% decrease. As at 31 October 2024:
- The median value for Houses in Box Hill is $1,599,974 while the median value for Units is $502,414.
- Houses have a median rent of $590 while Units have a median rent of $550.
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