22-24 Cato Street, Hawthorn East recently sold for $7,100,000 which represents $8,897/sqm building and $5,495/sqm land.
The property comprised of a well presented standalone office/warehouse of 798sqm with 20 car-spaces, located on 1,292sqm land (Zoned Commercial 2).
The Tooronga Commercial Precinct, particularly Cato and Hall Street, is highly sought after by family offices and syndicated property interests.
The area is popular due to its proximity to the major arterials including the Monash Freeway / Citylink, Tooronga Road, Toorak Road and Burwood Highway as well as Tooronga Village Shopping Centre and Tooronga station.
During the 5 week campaign, we received strong interest from owner occupiers, developers and investors.
The property was ultimately purchased vacant possession, by a family office who intend to develop down the track.
If you would like further information about this sale, or would like assistance with selling your commercial property, please feel free to contact us.
