177 Station Street,
Burwood, VIC 3125
Development Sites & Land • Hotel, Motel & Leisure • Offices
Key property information
Land area
Floor area
Property extent
Tenure type
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Savills - Melbourne
Level 29, South Tower, 80 Collins StreetMELBOURNE, VIC 3000
177 Station Street
Burwood, VIC 3125
Map of 177 Station Street
An Acre of Premium Parkfront Land With Income
- Trading as the ‘Box Hill Motel’
- Develop, value-add or invest
- Thriving Deakin University precinct
177 Station Street, Burwood represents an unprecedented opportunity to secure a magnificent landholding in one of Melbourne’s strongest growth locations, which provides valuable existing improvements and income. The property’s prime location provides for an unrepeatable development, value-add or investment opportunity.
The key attributes of this exceptional opportunity include:
- An incredible landholding of 4,041sq m*
- High quality existing improvements - ‘Box Hill Motel’
- Current net income of $175,534 per annum* + GST
- 3 year lease expiring May 2020 with a 1 year option
- A highly versatile site with premium parkland frontage, ideally suited for townhouses, apartments, student accommodation, aged care, etc (STCA)
- General Residential Zone 3
- A premium location within immediate proximity to Deakin University, Mount Scopus Memorial College and PLC
- Exceptional access to local amenity including nearby Box Hill Central, being one of Melbourne’s most prominent activity hot spots!
SOLD
SAVILLS
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...
NELSON ALEXANDER
Tom Alexiadis – 0417 030 452
The key attributes of this exceptional opportunity include:
- An incredible landholding of 4,041sq m*
- High quality existing improvements - ‘Box Hill Motel’
- Current net income of $175,534 per annum* + GST
- 3 year lease expiring May 2020 with a 1 year option
- A highly versatile site with premium parkland frontage, ideally suited for townhouses, apartments, student accommodation, aged care, etc (STCA)
- General Residential Zone 3
- A premium location within immediate proximity to Deakin University, Mount Scopus Memorial College and PLC
- Exceptional access to local amenity including nearby Box Hill Central, being one of Melbourne’s most prominent activity hot spots!
SOLD
SAVILLS
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...
NELSON ALEXANDER
Tom Alexiadis – 0417 030 452
Burwood, 3125 demographic data
The median household income for Burwood is $1,684, 11% lower than Greater Melbourne's household income of $1,901. Burwood has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 44% of property owners in Burwood have a mortgage.
15,147
Population
$1,684 per week
Median household income
34 years
Median age
Owners
Most residents
Families
Most households
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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