GormanKelly is pleased to offer 586 Burwood Road, Hawthorn for sale.
This rare opportunity is an outstanding opportunity for the astute investor with the benefit of both markets in the one investment!
View the property video here: https://www.youtube.com/watch?v=mCdyfaj5WIs
In summary, this property offers:
- Unique two storey building comprising ground floor retail/showroom plus high quality 2-3 bedroom residence;
- Total building area: 337sqm approx.;
- Ground floor - secure lease with options to longstanding tenant ‘Fit As Pty Ltd’ trading as Chris’s Gym;
- Upper floor - Two year lease to residential tenant;
- Currently returning combined income of $83,994 per annum;
- Provision for up to 2 on site car spaces;
- Suitable for Investor and/or part owner occupier;
- Land area 200m² approx/ Zoned Commercial 1;
- Potential to separately title each component and/or build additional floor (STCA);
- Great location – public transport at doorstep, and located within close proximity to Auburn Road and Glenferrie Road retail shops, parks and schools.
586 Burwood Road Hawthorn is located on the southern side of Burwood Road near the corner of Auburn Road. The property is located approximately 8km east of the Melbourne CBD within the municipality of the Boroondara City Council. Burwood Road is a major arterial road that runs from Camberwell through to Hawthorn, where it merges with Bridge Road.
Furthermore the property is in close proximity to the following facilities:
- Located near the intersection of Auburn Road providing various retail shops, cafes and the Geebung Polo Club Hotel
- Only a short walk to Auburn Train Station
- Located near Glenferrie Road with tram and train services and various retailers including ANZ, NAB, Coles, McDonalds and various other national retailers
- Easy access to the major south-eastern thoroughfares including Auburn Road, Riversdale Road, Burke Road and the Eastern Freeway
- Close to Recreational Facilities such as the Central Gardens and Victoria Road Reserve, to name a few.
