623-625 Burwood Road & 143 Auburn Road, HAWTHORN VIC 3122
CORNER FREEHOLD IN ICONIC AUBURN VILLAGE
Gorman Kelly are delighted to present for your consideration a blue chip two storey commercial investment located in one of Melbourneâ€™s most affluent suburbs.
Being positioned in a major commercial, retail, educational and lifestyle hub in Melbourneâ€™s premier inner east, 623-625 Burwood Rd and 143 Auburn Rd represents a magnificent investment anchored by one of Australiaâ€™s most recognised and trusted financial lenders plus a huge first floor space suitable for office or residential conversion.
This premium opportunity is summarised by the following key attributes:
- Two freehold retail/office/residential investments to be sold as one
- Prime location on the corner of Auburn Rd and Burwood Rd with land area of 252m2 on two titles
- Ground floor leased to national tenant RAMS at $72,467 net per annum on a long lease
- Huge first floor area of 157m2 with dual entrances and vacant possession suitable for office or residential conversion.
- First floor recently renovated including new carpet and paint.
- Fully leased rental in the region of $107,000 pa net with scope for further rental growth
- Building area of 315m2 with rear car park
- Commercial 1 zoning
- Adjacent to Swinburne University and Auburn Train Station
The property is located in Auburn Village. An artisan and local food loverâ€™s destination, Auburn Village exudes charm with its eclectic mix of independent shops, bars and pubs, cafes, homeware store, bridal wear, florists and fashion boutiques.
PROPERTY TYPE: Retail
BUILDING AREA: 315.00 m2
PRICE: Contact Agent
CAR SPACES: 3
CONTRACT TYPE: sale
October 18 2018, 2:00pm