196 Elgar road,
Box Hill South, VIC 3128

Key Property Features:

- Commercial income: $27,720 pa inc GST + outgoings
- Commercial lease term: 3 years commencing June 2024 with further 3 year option
- Residential income: $20,856 pa
- Total income: $48,576 pa
- Land area: 153m2 approx
- Retail premises approx 60m2, occupied by an optometrist business
- Two storey, 2 bedroom residential premises at the rear with laneway access
- Commercial 1 zone
- Box Hill High School zone

This modern property presents a premium commercial and residential opportunity in a prime position at the Elgar/Riversdale Road junction (tram terminus).

Featuring a terrific configuration and facilities that will suit a wide range of businesses, the property is poised to become a lucrative dual-income generator, live-in/lease-out premises, or the ultimate work-from-home space that offers superb work/life balance.

The ground floor shop offers a beautiful contemporary canvas for a myriad of enterprises, occupying approximately 60m2 of floor space.
The residential dwelling contains its own entry, a kitchen, two bedrooms, a bathroom, a decked courtyard and a double lockup carport accessible via a rear laneway.

Heating, cooling and a security system ensures comfort and security.
The property's vibrant, high-visibility location attracts substantial foot and vehicle traffic, ensuring any future business stands out and maximises its chances for success. Located among local specialty stores, both large and small, and only minutes from Deakin University Burwood Campus, Box Hill Central and excellent public transport options, this commercial and residential property enables you to seamlessly blend work, home and business.