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Overview
Situated in the thriving metropolitan heart of Box Hill, this expansive commercial development opportunity spans approximately 3,160 square metres of combined land, commanding a significant frontage of around 67 metres. The property's prime location within an established high-density precinct ensures it is enveloped by evolving residential and mixed-use projects, reinforcing its potential for substantial redevelopment.
Positioned merely moments from essential urban conveniences such as Box Hill Central shopping complex, Box Hill Station, and Box Hill Hospital, the site benefits from significant demand drivers that support a diverse range of residential, healthcare, and mixed-use developments subject to council approval. Zoned within the Mixed Use Zone (MUZ), it aligns with long-term growth strategies detailed in the Box Hill Metropolitan Activity Centre and the Suburban Rail Loop structure plan, highlighting its strategic future potential.
A validated planning permit for a 15-level mixed-use project currently applies to part of the site (6–10 Shipley Street), encompassing 109 apartments alongside retail, commercial, medical suites, a community centre, childcare facilities, basement parking, and resident amenities. The inclusion of 4 Shipley Street further enlarges this parcel, offering flexibility for purchasers to explore alternative or expanded development concepts subject to approval.
- The substantial combined landholding offers investor or developer appeal, embedding the chance to capitalize on the area's upward trend.
- The wide frontage and strategic zoning enhance the site's attractiveness for large-scale mixed-use projects and health-related facilities.
- Existing warehouse buildings offer potential rental returns during planning or redevelopment phases, providing holding income.
- The property's proximity to key transport infrastructure and amenities supports a sustainable lifestyle and operational convenience.
- The area's established high-density development precedent ensures compatibility and market acceptance for future projects.
This offering is well suited to developers and investors seeking a significant landholding within a progressive, strategically positioned metropolitan centre poised for intensification and diverse mixed-use opportunities.
Local Market Insights
In Box Hill, Quiet Listings observed 2 new commercial properties entering the market over the last 30 days, unchanged from 2 in the prior period, with an average advertised asking price of $1,175,000. The property type mix of listed properties is predominantly Apartments at 66%, followed by houses (12%), and townhouses (12%). Ray White was the most active agency in this area, representing 31.1% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Box Hill VIC 3128
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 2036 m² |
Market Insights for Box Hill VIC 3128
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