GormanKelly is pleased to offer 725 Glenferrie Road, Hawthorn for sale by public auction.
This rare offering provides investors with the opportunity to secure a well leased retail property in an unrivalled location within an established and vibrant retail precinct.
We believe the most outstanding aspects of this property include:
• 3 year Lease plus Option to Betty McDowell Lingerie
• Current rental $47,955.24 net per annum plus GST and outgoings
• Opportunity for significant future rental growth
• Zoned Business 1
• Rear access and on site parking
• Long term potential for multilevel mixed use development (STCA)
The Glenferrie Road, Hawthorn strip is an established and vibrant retail precinct, considered to be one of Melbourne’s best performing retail strips with respect to both rental growth and sustained low vacancy rates. The strip is supported by the typically affluent residents of Hawthorn with their high disposable incomes. Strongly trading Coles and Safeway supermarkets are nearby in addition to the numerous major specialty shops, cafes, banks, pharmacies, post office etc.
Furthermore the property is in close proximity to the following facilities:
• Trams at the doorstep in Glenferrie Road, a short walk to Glenferrie train station and extensive bus services within the surrounding area
• Close to Swinburne University, Methodist Ladies College, Hawthorn Aquatic & Leisure Centre and the Glenferrie Sports Ground
• Easy access to the South Eastern/ Monash Freeway (CityLink)
