660-662 Burwood Road, Hawthorn East, Vic 3123
Retail
|Land/Development
Contact Agent
Published on: 09 Oct 2024
Last updated on: 23 Oct 2024
Property ID: 504707640
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Key property information
Land Size
2,097.00 m2
Floor Area
3,495.00 m2
Tenure Type
tenanted
NATIONAL STORAGE INVESTMENT WITH DEVELOPMENT POTENTIAL
660-662 Burwood Road, Hawthorn East, Vic 3123
Gorman Commercial and Nichols Crowder are delighted to offer 660-662 Burwood Road, Hawthorn for sale via Expressions of Interest, closing on Thursday 14th November at 3pm. Underpinned by a lease to ASX listed tenant National Storage, this prominent site in the heart of Hawthorn benefits from over 38 metres of Burwood Road frontage, and with a 5 year lease and no further options, represents an opportunity for developers and owner occupiers alike. Investment Highlights: * Lease term: Five (5) years (expiring Nov 2029) * Current Income: $600,000 pa + GST + outgoings + land tax * Fixed 4% annual rental increases * Land area: 2,097 sqm * Over 38 metre frontage to Burwood Road plus rear laneway * Commercial 1 zoning For further details please contact the exclusive selling agents: Gorman Commercial: Jonathon McCormack 0418 835 885 Stephen Gorman 0418 321 828 Nichols Crowder: Matt Nichols 0418 186 488 Julian Vautin 0420 406 660 Transaction Advisor: James Buy Sell
Property Details
Basic Info
Basic Info
Property Type
RetailLand/Development
Listing Status
On Market
Land Size
2,097.00 m2
Address
660-662 Burwood Road, Hawthorn East, Vic 3123
Contact Agent
Gorman Commercial Real Estate
L1 /415 Riversdale Road, Hawthorn-East, Vic
Jonathon McCormack
Stephen Gorman
Nichols Crowder Property Solutions - Moorabbin
358 South Road, Moorabbin, Vic
Julian Vautin
Matt Nichols
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Property ID: 504707640
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