259 Middleborough RoadBox Hill South VIC 3128
Property Details for 259 Middleborough Rd, Box Hill South
Last Listing description (July 2009)
LONG LEASE UNDERPINNED BY AUSTRALIAN ICON BUNNINGS
NEW BUILDING ON SUBSTANTIAL SITE
• LARGE SITE OF 3.268 HECTARES APPROXIMATELY
• 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.
Property History for 259 Middleborough Rd, Box Hill South, VIC 3128
- 19 May 2009Sold for $21,500,000
- 19 Mar 2009Listed for Sale Not Disclosed
- 05 Jun 2007Sold for $26,222,516
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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 4,561 properties. Over the last 5 years, Houses in Box Hill South have seen a -2.14% decrease in median value, while Units have seen a 24.51% increase. As at 30 April 2026:
- The median value for Houses in Box Hill South is $1,535,595 while the median value for Units is $922,781.
- Houses have a median rent of $690 while Units have a median rent of $650.
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