259 Middleborough Road,
Box Hill, VIC 3128

Showrooms & Large Format Retail • Shops & Retail • Warehouse, Factory & Industrial

Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Zoning

Tenure type

Sold on

Map of 259 Middleborough Road

Directions

Long lease underpinned by Australian Icon Bunnings

New building on substantial site
• Large site of 3.268 hectares approximately
• Zoning Industrial 1 with a Town Planning permit for restricted retail
• New Bunnings Showroom. Total area 14,406 sqm approximately
• Substantial on-grade car parking for 395 cars
• Substantial depreciation and building allowances

High Profile Location
• High profile location on the corner of Middleborough Road and Clarice Road in Box Hill approximately 16km east of the Melbourne CBD
• Strong demographics supported by large residential population in surrounding suburbs
• Very limited land supply in the Box Hill area will underpin future potential

Long Lease to Bunnings
• 12 year lease to Bunnings Group Limited expiring 19th June 2019
• Income $1,723,962 pa plus outgoings
• Fixed increases of 3% per annum

For Sale by Expressions of Interest closing 9th April 2009 at 4pm.

Box Hill, 3128 demographic data

The median household income for Box Hill is $1,267, 33% lower than Greater Melbourne's household income of $1,901. Box Hill has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 43% of property owners in Box Hill have a mortgage.

14,353

Population

$1,267 per week

Median household income

33 years

Median age

Renters

Most residents

Families

Most households