158 Elgar RoadBox Hill South VIC 3128
Property Details for 158 Elgar Rd, Box Hill South
Last Listing description (August 2025)
Welcome to our latest retail property listing. We are excited to present to you a unique opportunity to acquire a commercial space with incredible potential for development and growth. This property, located in a prime area, offers a blank canvas for the discerning investor or business owner to create their vision of a thriving retail environment.
Location – Positioned in a high-traffic area with excellent visibility, this retail space offers tremendous exposure and marketing opportunities for any business. Tram 70 is on the doorstep, providing excellent public transport access.
Size – Boasting a total land area of 180 square meters and a building area of 80 square meters, this property provides ample space to accommodate a variety of retail concepts.
Zoning – With a Commercial 1 Zone classification, this property offers the flexibility to accommodate a broad range of businesses.
Potential - Approved plans for a three-story complex make this property a rare investment opportunity. The plans include a retail shop on the ground floor, commercial space on the first level, and four bedroom residential apartment on the top floor.
Plenty of parking is available in front of the property, ensuring easy access for customers and residents.The planned complex provides a unique opportunity for the astute investor or business owner to create a mixed-use development that can generate income from both commercial and residential spaces. The addition of four apartments will provide a steady rental income stream, while the retail shop can serve as the perfect anchor tenant to attract more foot traffic to the area.
We invite you to explore the endless possibilities of this property and envision the potential that it holds. To schedule a private viewing or to request further information, please do not hesitate to contact us. Thank you for considering this unique opportunity, and we look forward to hearing from you soon.
For more information or a copy of the plans please get in touch.
Note: Can't attend the auction? No problem, you can still participate online. You can watch, or even bid at this auction online using Anywhere Auction website and app. Contact us for more information.
Property History for 158 Elgar Rd, Box Hill South, VIC 3128
- 26 Jul 2025Sold for $880,000
- 24 Mar 2025Listed for Sale Owner says sell dont miss this opportunity
- 15 May 2023Listed for Sale Not Disclosed
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0About Box Hill South 3128
The size of Box Hill South is approximately 3.5 square kilometres. It has 12 parks covering nearly 15.8% of total area. The population of Box Hill South in 2016 was 8434 people. By 2021 the population was 8491 showing a population growth of 0.7% in the area during that time. The predominant age group in Box Hill South is 20-29 years. Households in Box Hill South are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Box Hill South work in a professional occupation.In 2021, 67.90% of the homes in Box Hill South were owner-occupied compared with 67.00% in 2016.
Box Hill South has 4,563 properties. Over the last 5 years, Houses in Box Hill South have seen a 2.33% increase in median value, while Units have seen a 25.86% increase. As at 31 March 2026:
- The median value for Houses in Box Hill South is $1,546,536 while the median value for Units is $916,792.
- Houses have a median rent of $690 while Units have a median rent of $630.
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