| House | $2,343,700  |
| Unit | $711,900 |
Surrounding suburbs
| Abbotsford | $1,207,300  |
| Burnley | $1,272,500 |
| Hawthorn East | $2,266,400 |
| Kew | $2,327,900 |
| Kooyong | $2,232,000 |
| Malvern | $2,251,400 |
| Richmond | $1,454,900 |
| Toorak | $2,045,700 |
| Neighbour Photos |
| Map | Nearby prices |
| Property Description: |
Sensational Hawthorn Investment Classic Shop/Dwelling An absolute stand-out opportunity to secure a prime retail investment in Hawthorn's premier commercial precinct. Features include: > Impressive shop + first floor dwelling > Exceptional lease covenant: Five + Five + Five years > Rental: $45,000 pa + outgoings & GST (as at April 2016) > Building area: 141 sqm approx. > Lease commencement: 7 April 2015 > Reviews: Fixed annual increases of 3% and to market value at option period. > Unique period style building with plenty of character and charm: Timber floors & high ceilings The subject property is located on the northern side of Burwood Road, being approximately 4.5 kms east of Melbourne CBD. The surrounding area provides a diverse mix of commercial offices (including medical) specialty retail incorporating upmarket cafs and restaurants. The immediate area has seen recent significant development of various corporate office buildings; namely, Sero at 108 Power Street, Vantage at 109 Burwood Road and Stantins at 58 Burwood Road; a mix-use development designed by RotheLowman Architects. Nearby occupants include: Little Residential/Projects at 41 Burwood Road, Pharmacy Guild of Australia, NIIM, Amcor and Fusion retail brands. It is ideally positioned being in close proximity to all modes of public transport. Hawthorn train station is only metres away, with tram services running along Burwood Road. The property is further enhanced by its proximity to major arterial roads and freeways, including Bridge Road, Glenferrie Road, Eastern Freeway and Monash Freeway. Deadline private sale closing Thursday 7 April @ 2.00 pm Lot/Plan No: A/PS719610 |
| Planning History: |
| [27 May 2005] Construct alterations and additions (flue) to an existing building (Permit Delegated : 05/07/2005 by Delegated Authority) |
| [01 Aug 2005] Display an externally illuminated advertising sign and construct buildings and works to an existing building. (Permit Delegated : 13/09/2005 by Delegated Authority) |
| [18 Dec 2013] Section 37 (Subdivision -Staged) 3 lots |
| [02 Jan 2014] APPLICATION FOR A 3 LOT STAGED SUBDIVISION |
| [08 May 2015] Display of internally illuminated business identification signage and partial demolition and alterations to an existing building in a Heritage Overlay. |
| Search neighbour's planning permit |
| Property report from Government |
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