OFF MARKET

528 Station Street
Box Hill VIC 3128

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 833m2
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Property Details for 528 Station St, Box Hill

Building Type
Commercial
Land Size
833m2
Local Government
Whitehorse
Lot/Plan
2/LP4818

Last Listing description (June 2023)

Cushman & Wakefield Melbco Development Site and Strip Retail is proud to exclusively present 528 Station Street, Box Hill, the last remaining piece to the puzzle of Box Hill's rapid urban evolution.

Offered for the first time in 45 years, this island site located at the core of 'Melbourne's Second CBD' provides an unrepeatable opportunity for owner occupiers, land bankers and developers, with favorable commercial 1 zoning allowing for a blank canvas outcome for its next eagerly anticipated owner.

Located directly opposite Box Hill's newest and upcoming mix-used development, 'Sky Square', 528 Station Street will directly benefit from the unlimited exposure with over 72,000sqm* of commercial and residential space including two 16 level towers and a three-level food and retail precinct set to be delivered.

Unique Opportunity to occupy, invest or develop.
- Welcome to Melbourne's most prominent activity center, Box Hill, touted as the 'Second CBD' due to its continuous pipeline of urban development.
- Island site with a land holding of 836sqm* along the highly sought-after station street precinct.
- Commercial 1 Zone (C1Z)
- Existing purpose build medical facility with a total building area of 439sqm*
- Potential for both owner occupier and developers to pioneer a purpose-built commercial complex for medical, hospitality and everything else.
- Existing improvements include medical consulting rooms, reception complimented with carparking to the front and rear of the building.
- Extremely connected to amenity - located approximately 230m* to Box Hill Central and 850m* to Box Hill Train Station
- Set to benefit from Victoria's $35 billion Suburban Rail Loop East (SRL) to be delivered by 2035*.

Inspections encouraged you won't be disappointed.

For sale by Public Auction Thursday 22 June 2023 at 12:30pm on-site

Contact Melbco Development Sites & Strip Retail today
Leon Ma - +61 417 070 725
Oliver Hay - +61 419 528 540
Karim Ford - +61 492 478 830
Jeff Ha - +61 401 145 166

Property History for 528 Station St, Box Hill, VIC 3128

A timeline of how this property has performed in the market
Last Sold
$117,000
22 Feb 1977
  • 18 May 2023
    Listed for Sale Contact Melbco Strip Retail today
  • 22 Feb 1977
    Sold for $117,000
  • 21 Jul 1976
    Sold

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About 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 11,594 properties. Over the last 5 years, Houses in Box Hill have seen a 16.15% increase in median value, while Units have seen a -1.72% decrease. As at 31 August 2024:

  • The median value for Houses in Box Hill is $1,620,569 while the median value for Units is $470,963.
  • Houses have a median rent of $590 while Units have a median rent of $550.
There are currently 157 properties listed for sale, and 25 properties listed for rent in Box hill on OnTheHouse. According to CoreLogic's data, 505 properties were sold in the past 12 months in Box hill.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.