925 Whitehorse RoadBox Hill VIC 3128
Property Details for 925 Whitehorse Rd, Box Hill
Last Listing description (August 2019)
Development Potential of 16-20 levels (STCA)
Land area of 920 sqm.
Lease Expiry December 2022
This fantastic property is currently leased to Australias largest chemist retailer, Chemist Warehouse. There are still a number of years to run on the existing lease but there are no further options which opens up the potential for a high-rise development. In the immediate area there have been several recent planning approvals for high density residential apartment buildings with building heights of 25 plus levels that will continue to reshape this area. The demand for land in the precinct remains strong and in the medium to long term this site will be ripe to be redeveloped (STCA) taking full advantage of its location and zoning.
For now, enjoy the security of income whilst planning for an even brighter future in what is Melbournes biggest and fastest growing satellite CBD, Box Hill. Aston Commercial highly recommend this strategic commercial property for your serious consideration.
Property History for 925 Whitehorse Rd, Box Hill, VIC 3128
- 08 Aug 2019Sold for $13,000,000
- 10 Jul 2019Listed for Sale Not Disclosed
- 18 Jul 1997Sold for $1,450,000
Recent sales nearby
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0About 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 12,464 properties. Over the last 5 years, Houses in Box Hill have seen a 1.42% increase in median value, while Units have seen a 10.05% increase. As at 31 March 2026:
- The median value for Houses in Box Hill is $1,663,344 while the median value for Units is $559,580.
- Houses have a median rent of $633 while Units have a median rent of $600.
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