32 Kangerong Road

Box Hill VIC 3128

2842 m²

Apartment

Currently for sale - view listing

Overview

Rare 2,842sqm Student Accommodation Investment Opportunity in the Heart of Box Hill

Austrump Group is delighted to present an outstanding student accommodation investment opportunity at 3234 Kangerong Road, Box Hill. Strategically positioned in the heart of Box Hill, this established asset enjoys close proximity to premier retail, education, transport and lifestyle amenities, offering investors a compelling combination of secure income and future development potential. Key Investment Highlights Established 46-room student accommodation facility Expansive landholding of approximately 2,842sqm* Estimated fully leased gross annual income of AUD $558,700 $657,980 Well-equipped with: Commercial kitchen Multiple communal living and recreation areas Outdoor courtyard and open spaces 13 on-site car parking spaces Zoned General Residential Zone Schedule 3 (GRZ3), providing future redevelopment opportunities (STCA Subject to Council Approval) Within walking distance of Box Hill Gardens and Box Hill Oval Exceptional central Box Hill location with convenient access to: Major retail and dining precincts Leading educational institutions Box Hill Transport Hub including train, tram and bus services Combining a proven income-producing student accommodation business with a substantial landholding in one of Melbourne's most sought-after metropolitan centres, this property represents a rare opportunity for investors, developers and value-add operators alike. *Approximate land area. For further information or to arrange a private inspection, please contact the Austrump Group Sales Team Paul Wu 0449 955 896,Cherry Lim 0403 908 629