JLL and Gorman Kelly are delighted to present for your consideration an irreplaceable, blue chip land holding located in one of Melbourne's most affluent suburbs. Being a major commercial, retail, educational and lifestyle hub in Melbourne's premier inner east, Hawthorn represents a magnificent development opportunity (STCA), as well as an excellent opportunity to occupiers wanting to utilise the existing improvements.
Located in one of Melbourne's most desirable suburbs, Hawthorn is recognised as a prestigious residential address. Ample amenity, quality educational institutions and excellent transport links have, in recent times, underpinned the development of a number of new residential projects.
This premium opportunity is summarised by the following key attributes:
- Well exposed corner property of 1,221sqm* land holding providing exceptional development opportunity;
- A rare opportunity; suitable for value add investors, future owner occupiers or developers;
- Extensively renovated single level office building of 937m2 with basement parking for 29 cars;
- Existing lease and net rental income of $286,758.96 per annum plus GST from international tenant ACI Operations Pty Ltd with lease expiring 30 June 2018 and no further option;
- Outstanding future development potential (STCA) to deliver a high density mixed-use project;
- Close to local amenity, within walking distance to vibrant Burwood Road Shopping Strip and anchored by one of Melbourne's busiest suburban retail strips-Glenferrie Road, which includes a host of national retailers;
- Near supermarkets; dining, culinary and entertainment attractions; train stations, trams and transport hub, Swinburne University; various parks, gardens and recreation attractions and freeway link to Melbourne CBD.
For further information or to arrange an inspection, please contact the exclusive agents from JLL or Gorman Kelly.