Located in one of the area's premier showroom precincts and currently returning $39,520.00 net p.a. plus outgoings & GST on a 3+5 year lease, this rare offering provides investors with the opportunity to secure a well-leased retail showroom.
With a building area of 132sqm together with two (2) secure on-site basement car spaces, the premises presents a boutique showroom/shop ideal for a variety of retail uses with excellent exposure to busy Burwood Road.
159 Burwood Road is located on the northern side of Burwood Road between Power Street and Tweed Street with the closest major intersection being that of Burwood Road and Power Street to the west.
The property is located approximately 6.3km* east of the Melbourne CBD within the municipality of the Boroondara City Council. Burwood Road is a major arterial road that runs in a west/east direction from Richmond to Camberwell.
The Burwood Road, Hawthorn strip is the area's premier showroom precinct, renowned for its homewares and recreation. The area is considered one of Melbourne's best residential addresses with a high income demographic for both living and working within the area. Strongly trading Bunnings Warehouse, Snooze, Going Going Green and Bed Bath and Table are nearby in addition numerous major specialty shops, cafes, banks, pharmacies, post office, etc.