Stonebridge Property Group is delighted to present for sale Woolworths Hawthorn, a rare opportunity to acquire a Woolworths supermarket, with outstanding development upside potential, occupying a dominant position within the popular Glenferrie Road retail strip.
The key highlights of the opportunity include:
- Woolworths metro supermarket with a lettable area of 1,827 sqm*
- Leased to Top 20 ASX listed supermarket operator, Woolworths Limited, on a 5-year lease + options to 2039
- Extremely desirable inner eastern Melbourne location, only 4 km* east of the CBD
- Significant development upside with a 32 m* height limit (STCA & acquiring the remaining strata units)
- Unrivalled connectivity opposite Glenferrie train station with close to 2 million passengers p.a.^
- Common area rooftop car parking for 69* vehicles & opposite a multi-deck car park
- Strong higher education student demographic near Swinburne University of Technology & surrounded by student campuses
*Approx.
^Source: VIC Department of Transport, 2019-2020
^^Source: REIV, median data for Dec-21 quarter
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 805
Kevin Tong
0422 848 818
Julian White
0422 764 137
Property Code: 376
