4 Watts StreetBox Hill VIC 3128
Property Details for 4 Watts St, Box Hill
Last Listing description (November 2023)
Stonebridge Property Group is pleased to present 4 Watts Street, Box Hill offered for sale via public Auction.
4 Watts Street, is a triple fronted fully let aged care building with rear surplus land used as car parking in the Box Hill CBD.
The property is secured by a brand-new 3-year lease to a renowned aged care operator Active Community Group.
The property is within the Box Hill medical precinct and only 250 m* to Box Hill Central underpinned by the Box Hill Train Station.
The key highlights of the property include:
- Fully let to Active Community Group, an aged care provider who has established themselves as a leading health care operator in Melbourne for over a decade
- Active Community Group have a secured on a brand new 3-year lease term plus options until 2032 returning $300,000* + GST and Outgoings
- Substantial 725 sqm* landholding with significant fixed upside noting the previously approved permit for a 9-storey residential development (STCA)
- Zoned Commercial 1 (C1Z) allowing future flexibility for tenants, retail activation, or development outcomes (STCA)
- Rare triple fronted landholding with rear surplus land utilised as car parking for 14+ vehicles
- Existing improvements comprise a 556 sqm* medical building complete with full DDA (disability) access including DDA compliant bathrooms and entry/exit ramps
- Strategically located in the Box Hill CBD Activity Centre and only 250 m* to Box Hill Central and subsequent retail and transport amenity underpinned by the Box Hill Train Station (250 m*).
The property will be Open for Inspection at the following times:
- Tuesday 31st October 2023 | 12:30pm
- Friday 10th November 2023 | 12:30pm
- Tuesday 14th November 2023 | 12:30pm
- Tuesday 21st November 2023 | 12:30pm
4 Watts Street, Box Hill is offered for sale via Public On-Site Auction on Thursday 7th December 2023 at 2:30PM (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Shawn Luo
0412 338 918
Max Warren
0488 296 892
Rorey James
0439 400 081
Chao Zhang
0411 625 068
*Approximately
Property Code: 792
Property History for 4 Watts St, Box Hill, VIC 3128
- 09 Dec 2021Sold for $4,435,310
- 16 Mar 2020Listed for Rent - Price not available
- 12 Aug 2019Listed for Sale Expressions of Interest
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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 2016 was 11395 people. By 2021 the population was 14353 showing a population growth of 26.0% 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 2021, 37.40% of the homes in Box Hill were owner-occupied compared with 39.40% in 2016.
Box Hill has 12,461 properties. Over the last 5 years, Houses in Box Hill have seen a 14.10% increase in median value, while Units have seen a 7.98% increase. As at 30 November 2025:
- The median value for Houses in Box Hill is $1,726,457 while the median value for Units is $521,532.
- Houses have a median rent of $625 while Units have a median rent of $580.
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