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Sold on 21 Sep 2017

157 Burwood Road Hawthorn VIC 3122

  • Retail
  • 132 m²
  • Sold, $730,000

Circa 6% net Hawthorn Retail Investment

Located in one of the area's premier showroom precincts and returning $43,000/annum plus GST and outgoings this retail investment offering provides investors with a high yielding long term investment.

With a retail area of 132sqm* together with One (1) secure on-site basement car space, the premises presents an ideal investment with the tenant being in occupation for almost 5 years. The property is located approximately 4.6km* east of the Melbourne CBD. Burwood Road is a major arterial road that runs in a west/east direction from Richmond to Camberwell.

The Burwood Road, Hawthorn strip is the area's premier showroom precinct, renowned for its homewares and recreation.

The area is considered one of Melbourne's premier residential addresses with a Median House Price of $1,997,500 and annual capital growth at 8.47%. Strongly trading Bunnings Warehouse, Snooze, Going Going Green and Bed Bath and Table are nearby, in addition numerous major speciality shops and services.

Property features include :-

- Floor area 132sqm*
- Rent $43,000 net from 08/01/2018
- One (1) Secure basement car park
- Long term tenant
- Premier retail showroom precinct

To inspect or for further information please contact Paul Waterhouse or Stefanie Taylor.
Approximately*

AUCTION

Auction date and time21/09/2017 13:00
Auction location157 Burwood Road, Hawthorn VIC

Property Highlights

Property ID2013805488
Date Sold21 Sep 2017
Sold Price$730,000
Floor Area132 m²
Land Area132 m²
ParkingAsk Agent
Category
Last updated  22 Sep 2017
Map for 157 Burwood Road Hawthorn VIC 3122
Ray White Ferntree Gully
Unit 5/1849 Ferntree Gully Road Ferntree Gully VIC 3156

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