GormanKelly is pleased to offer 322 Burwood Road, Hawthorn for sale by Public Auction.
Suitable for Owner Occupiers, Developers and/or Investors, we believe the most outstanding aspects of this property include:
• Versatile existing building suitable for a variety of uses
• Potential for a unique commercial/ residential development (STCA)
• Excellent rear access and on-site parking
• Vibrant and highly sought location providing a mix of commercial/ retail/ residential and recreational services
Erected on site is a single storey office/ showroom with rear warehouse.
The building comprises of a showroom/office fronting Burwood Road with a number of separate offices plus a tearoom and male/female amenities at the rear.
The rear warehouse features dual roller shutter door access, clearance of 3.9m and provides 6 secure, undercover on site car spaces.
The rear roadway access via Luton Lane is ideal for goods loading.
322 Burwood Road is situated on the southern side of Burwood Road between Glenferrie Road and Cook Street.
This vibrant location offers a well balanced mix of commercial, residential, retail, entertainment and recreational uses. Burwood Road has become an established office/ showroom and residential precinct with recent development activity including a number of new office buildings such as ‘Vantage’ at 109 Burwood Road, ‘Sero’ at 108 Power Street, and 302 Burwood Road and Bunnings (Australia’s first inner city store over 2 levels).
Furthermore the property is in close proximity to the following facilities:
• Surrounded by a myriad of local shops, cafes, banks, supermarkets etc in the Glenferrie Road retail strip
• Central to both the Monash Freeway/ CityLink and Eastern Freeway
• Short walk to Trams in Glenferrie Road and Glenferrie train station
• Walk to the Glenferrie Road Recreation Centre and YMCA Hawthorn Aquatic and Leisure Centre
• Close proximity to some of Melbourne’s finest educational institutions including MLC, Ruyton, Trinity, Xavier, Scotch College and Swinburne University
322 Burwood Road is to be sold with vacant possession.
If offered for Lease we believe a potential rental of around $130,000 - $150,000* net per annum plus GST & outgoings could be achieved.
The property’s highly desirable attributes make it very conducive to redevelopment with the potential for a higher density office and/or residential/ student accommodation development (STCA). This has been highlighted in the site being ear marked by Council for ‘substantial change’.
