Directly Opposite SRL Station Entrance & Adjoining Box Hill Central
The Stonebridge Strip Retail Investments team is pleased to present a rare opportunity to acquire one of the last remaining privately held retail freeholds within the core of the Box Hill CBD — 15 Market Street, Box Hill — to be offered via Public On-site Auction on Saturday, 6 September 2025 at 1:30 pm (AEST).
Positioned directly opposite the under-construction Suburban Rail Loop (SRL) station entrance (completion 2035) and immediately adjoining the Vicinity-owned Box Hill Central Shopping Centre, the property represents a rare opportunity to acquire what is set to be one of the last remaining privately held retail freeholds within the core of the Box Hill CBD.
15 Market Street, Box Hill is offered to the market by Stonebridge’s Strip Retail Investments team via public on-site auction on Saturday, 6 September 2025 at 1:30 pm (AEST).
Nic Hage from Stonebridge noted,
“The property is set to benefit from explosive growth by way of public and private developments concentrated along the Main & Market Street CBD intersection. Major developments in the Box Hill CBD include the approved development of Vicinity’s Box Hill North shopping centre, which consists of a seven-tower, 1,700-unit development, and the Suburban Rail Loop, which is forecast to see 15,000* commuters daily upon completion.
The SRL authority has acquired a large number of retail freeholds throughout the Box Hill CBD, including assets along the east side of Market Street.”
The retail freehold is 100% leased to Polar Express (a global logistics provider) on a five-year lease and provides $261,334* per annum with 5% fixed annual increases.
Whilst development of the 155 sqm* freehold (with rear lane access) is possible, Stonebridge’s Ian Lam noted,
“The long-term lease and highly strategic tenant prohibits development in the short term.”
Polar Express specialises in e-commerce between Asia & Australia.
Rorey James, Director of Stonebridge Strip Retail Investments, commented:
“15 Market Street sits at the epicentre of Box Hill’s transformation. With strong underlying fundamentals and long-term lease security, it represents a generational investment.”
Box Hill’s Main and Market retail streets have been notoriously tightly held, with the last transaction, 27 Market Street, Box Hill, occurring in 2018.
27 Market Street was brokered by Rorey James, who mentioned the $8,800,000 sale reflected at the time a net yield of 3.1% and a land rate of $61,111 per sqm* — rivalling land rates achieved in Melbourne CBD.
For further information or to arrange an inspection, please contact the exclusive selling agents:
Nic Hage – +61 448 782 594 – nhage@stonebridge.com.au
Rorey James – +61 439 400 081 – rjames@stonebridge.com.au
Ian Lam 林煒峻 – +61 416 621 859 – ilam@stonebridge.com.au
Stonebridge’s Strip Retail Investments team is a market leader with over 30 years of combined experience, specialising in the divestment of metropolitan Melbourne strip retail assets. The team is supported by Australia’s largest and most experienced Asia-focused commercial agency — Stonebridge Asia Practice.
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