17
Price
Contact Agent
Building Area
102 sqm
Land Area
186 sqm
- Secure investment with long-term tenant
- Prominent main road exposure
- Moments from the evolving Box Hill CBD
Description
Gorman Commercial is delighted to present 655 Whitehorse Road, Mont Albert for sale by public on-site auction on Wednesday 23rd September at 12pm.
On offer is a securely leased commercial investment positioned along one of Melbourne's busiest and most established eastern arterial roads.
Key features comprise:
- Securely leased investment with a new 6-year lease commencing October 2025
- Rent: $33,134.94 pa + GST + outgoings (effective October 2026)
- Fixed annual rental increases of 3% delivering consistent income growth throughout the lease term
- Building area of 102 sqm situated on a Mixed Use Zoned (MUZ) landholding of 186 sqm
- Currently configured as a mechanical workshop providing a functional, commercial premises with long-term flexibility to convert into a traditional retail premises
- Prominent position on Whitehorse Road benefitting from exceptional exposure to substantial daily passing traffic
- Only moments from the ever evolving Box Hill CBD, one of Melbourne's largest metropolitan activity centres, offering extensive retail amenity, commercial accommodation, education and healthcare amenity, including Box Hill Central and the world-class Box Hill Hospital
- Excellent public transport connectivity via the Route 109 tram along Whitehorse Road linking directly to Box Hill and Melbourne's CBD together with nearby Mont Albert Railway Station and an extensive local bus network providing convenient access throughout Melbourne's eastern suburbs
- Positioned within a tightly held commercial corridor supported by strong residential demographics, significant infrastructure investment and ongoing commercial growth
- A compelling opportunity to secure an entry-level, freehold investment offering secure income, annual rental growth and long-term land value appreciation within one of Melbourne's premier eastern suburb location
For further information or to arrange an inspection, please contact the exclusive marketing agents below.
Nathan May | 0452 210 491
Stephen Gorman | 0418 321 828