Incredible Potential in Residential Growth ZoneDevelopers and investors, this is a unique opportunity to make your mark in one of Box Hill’s most central locations. Measuring 841sqm (approx.) zoned RGZ1, this well-placed allotment has high density development potential with a 14.5 metre height restriction (subject to council approval).
Ideal to lease while your plans are finalised, the existing property features four apartments comprising two bedrooms, one bathroom and one car space each. All are currently tenanted returning a combined $60,000 per annum (approx.) but could potentially earn up to $67,000 per annum (approx.).
Now a Metropolitan Activity Centre, Box Hill is set to benefit from substantial development and investment in the coming years. Carrington Road is just metres away from all the action including Box Hill Central, Box Hill Station, TAFE and Box Hill Hospital.