GK’s specialist Retail Sales & Leasing team are proud to have recently leased these two properties located in Glenferrie Road Hawthorn.
Despite the challenging times, Leases were promptly secured on commercial terms resulting in an excellent outcome for both our clients and the incoming tenants keen to get on with business.
This high profile retail premises of 435sqm has been leased to Downtown Grocery Two Pty Ltd which is part of the Crown Asian supermarket chain. The incoming tenant signed a 7 year Lease plus Option at a commencing rental of $127,500 net per annum.
A classic two storey Glenferrie Road shop and dwelling of 150sqm was leased late last year to Jopombc Tattoo for 5 years plus Option at a commencing rental of $58,000 net per annum plus GST & outgoings.
The length of Lease Terms for these recent agreements demonstrate the continued confidence retail operators have in Glenferrie Road Hawthorn as a long term prospect for their business.
Feel free to contact me to discuss how GK can assist you with your commercial property management, sales and leasing needs.