Positioned in a dynamic commercial pocket just doors from the bustling Power Street and Burwood Road intersection this high-exposure site presents an outstanding opportunity for investors seeking security, scale and long-term growth potential.
Currently home to the Burwood Mazda Service Centre, the property is being sold with a secure lease in place until November 2031 delivering steady immediate income along with exciting scope for future redevelopment.
Occupying a substantial landholding of approx. 1000sqm, the site features extensive internal floor space (approx. 591sqm) including a well-equipped office area, garage with hoists, first-floor staff amenities (lunchroom, shower/changing room), a kitchen area and bathroom facilities. Also offered is extensive customer parking, along with the added advantage of secondary access via Power Street ideal for services or deliveries.
With Commercial 1 Zoning, potential future outcomes include ground-floor office or retail space with residential accommodation above (STCA).
Close to Swinburne University and vibrant Glenferrie Road, and surrounded by established businesses and consistent passing traffic, the property is well-connected to public transport, with trams and Hawthorn station nearby. With easy access to major arterial roads and just minutes from the CBD, this is a blue-chip investment not to be missed.
At a Glance
· Commercial 1 Zoning
· Landholding of approx. 1000sqm
· Internal floor space of approx. 591sqm
· Currently fitted with a garage/service area, office, kitchen, bathroom facilities and staff amenities
· Extensive customer parking along with secondary access off Power Street
· Secure lease in place until November 2031 (approx $319,000 PA (Exclusive of GST)
· Potential for future redevelopment, such as ground-floor retail/office space with residential accommodation above (STCA)
Property Code: 3216