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LOCAL INVESTORS REACHED

Hawthorn Warehouses Sell After Huge Response

By | 26/10/2021

4-16 Victoria Road, Hawthorn East Sold
4-16 Victoria Road, Hawthorn East Sold

4-16 Victoria Road, Hawthorn East SOLD

GormanKelly has sold 4-16 Victoria Road Hawthorn East after a very competitive Expressions of Interest campaign.

Victoria Road comprised two adjoining warehouses on a single Commercial 1 zoned site, with an 8 metre height restriction.

4 16 Victoria Road, Hawthorn East SOLD by GormanKelly

The property was leased to long term occupant A&F Driveshafts on a 2 year lease with no options and was returning $60,000 per annum.

The campaign attracted interest from smaller developers and owner occupiers, but it was ultimately sold to a local builder that intends to see out the lease and develop their own offices.

To view the sale results of this property, click here or the image below.

Download Sales Results

We have a number of unsatisfied requirements to purchase industrial sites in the Hawthorn East area with the view of refurbishing or developing – if you are considering selling, please feel free to get in touch.

Nick Breheny

Written by Nick Breheny 

"Nick commenced his career in the Eastern Suburbs and brings over 30 years’ experience in commercial property sales and leasing with an emphasis on development sites and investment property."

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