Box Hill retail strip listed for first time in more than four decades
A family-owned strip of retail shops in Box Hill has been listed for sale for the first time in more than four decades.
CBRE has been appointed to market the properties, located at 941 – 947 Whitehorse Road (pictured above), comprised of three retail tenancies, home to Yao’s Chinese Therapy Centre, ShaanXi Style Restaurant and Hao’s Oriental Grill Bar.
Occupying a 917 square metre site, CBRE expects it to generate investment interest of more than $8 million.
The site is being offered via an expressions of interest campaign.
CBRE’s Chao Zhang said Box Hill’s attractive mix of transport, education, retail and lifestyle amenities would be of interest to investors.
“Box Hill continues to be a desirable investment and development location, with interest from both local and offshore Asian buyers and many of these prospective buyers have identified its growth potential given the limited supply of high density land in the area,” Zhang said.
The listing follows the recent sale of 25-29 Ellington Parade (pictured below) in Box Hill, selling for just under $11 million to a Chinese developer.
