An absolute unique opportunity to secure a prime retail investment in Hawthorn's premier commercial precinct.
Features include:
> Stand out shop + first floor dwelling
> Established café operator
> Exceptional lease covenant - Five (5) years + Five (5) years (commencing 1/11/2013)
> Fixed annual reviews - 4% pa, market review at the option period
> Rental: $48,880 pa Net (as from Nov 2014)
> Building area: 156 sqm approx.
> Brilliant location, metres to Hawthorn station and St James Park
*Note: The Vendor has recently replaced the roof.
The subject property is located on the northern side of Burwood Road, being approximately 4.5 kms east of Melbourne CBD. The surrounding area provides a diverse mix of commercial offices (including medical) specialty retail incorporating upmarket cafés and restaurants.
The immediate area has seen recent significant development of various corporate office buildings; namely, Sero at 108 Power Street, Vantage at 109 Burwood Road and Stantins at 58 Burwood Road; a mix-use development designed by RotheLowman Architects. Nearby occupants include: Little Residential/Projects at 41 Burwood Road, Pharmacy Guild of Australia, NIIM, Amcor and Fusion retail brands.
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 major arterial roads and freeways.