Blue chip Hawthorn investment with significant development upside.
> Prestigious St James Park location.
> Substantial land content: 981 sqm approx.
> Expansive frontage to Yarra Street: 20.11 metres approx.
> Impressive stand alone office building of 618 sqm approx.
> Excellent off street carparking - 12 cars
> Rear access via laneway
> A-grade landbank, development opportunity or luxury home site (STPA)
> Abuts Melbourne's premier residential streets, which include Coppin Grove, Shakespeare Grove & Isabella Grove. An area which has seen single dwelling sales of $5 - $20 million+ results.
Lease Summary
Current Rental: $123,735 pa
Lease Expiry: 30/06/2016
Zoned: Neighbourhood Residential Zone - Schedule 3 (NRZ3)
The subject property is located on the western side of Yarra Street, only metres to Burwood Road, being approximately 4 kms east of Melbourne CBD. The surrounding area provides a diverse mix of high net worth residential properties, high profile commercial office buildings (including medical) specialty retail incorporating upmarket cafés and restaurants.
It is ideally positioned being in close proximity to all modes of public transport. Hawthorn train station is only metres away, with tram services running along Burwood Road. The property is further enhanced by its proximity to St James Park and easy access to major arterial roads/freeways.
For further details, please contact conjunctional agents:
GrayJohnson
Matt Hoath 0418 543 714
mhoath@grayjohnson.com.au
Teska Carson
Michael Taylor 0419 533 102
mtaylor@teskacarson.com.au