Tenanted for more than 29 years by a Box Hill institution, Vegie Hut, this retail property is an outstanding commercial investment is underpinned by hospitality demand, local population growth and high foot traffic. GrayJohnson is pleased to present the property for sale by Expressions of Interest closing Tuesday 4 August at 2pm.

Located in the heart of one of Melbourne’s strongest suburban retail and hospitality hubs, the property consists of a downstairs restaurant and first floor residence. The
single lease to the established tenant was recently renewed for five years with a further five-year option.

This is an opportunity to acquire an asset relatively insulated from broader commercial market headwinds owing to its core retail positioning in an established,
tightly held strip. Its blue-chip location on Whitehorse Road, just off Station Street, positions this property amongst popular eateries, essential services, Box Hill Central, Box Hill
library and civic amenities.

Key features:
• New 5 + 5-year lease
• Commencing rental $140,000 pa Net
• 3% annual reviews
• Land area 286 sqm*
• Rear access to on-site car parking
• Ground floor restaurant 165 sqm*
• First floor residence 75 sqm*

Location
• High profile position in Whitehorse Road
• High foot traffic strip
• Retail and hospitality hub
• One minute* walk to trams and trains
• Close to Box Hill Central shopping centre

*approx.