Melbourne, 25 February 2015 – CBRE has been appointed to sell a development ready site in one of Melbourne’s largest Metropolitan Activity Centres, Box Hill.
The 1,386sqm vacant corner land holding, located at 757 Station Street, benefits from a high profile position in a major commercial, medical, tertiary education and residential hub, and planning approval for 39 one and two bedroom apartments over four levels plus ground floor retail.
CBRE’s Scott Orchard, Jamus Campbell and Josh Twelftree are selling the property via public onsite Auction on 25th March at 12.00pm.
Mr Orchard said the site’s strategic position benefited from consistent interest from owner occupier and investor buyers.
“This boutique project opportunity is in a proven apartment market, underpinned by significant retail and public transport amenities and major employment and visitor draw cards including Box Hill Hospital and Box Hill Tafe” Mr Orchard said.
The Victorian Government has designated Box Hill as a place of State Strategic Significance for delivering jobs, investment and productivity, both as a Metropolitan Activity Centre and a Health/Education precinct.
Substantial further growth is planned for Box Hill with the government recently investing over $740 million in the area with the delivery of the new Tax Office development.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
