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408 Burwood Road
HAWTHORN, VIC 3122

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Property Description

Dominant Corner Freehold - Occupy, Invest, Develop

Fitzroys offers to you 408 Burwood Road (Corner Launder Street), Hawthorn for sale via Public Auction on Tuesday 29th June at 1pm on site.

The property offers flexible income with the ability to occupy, redevelop or invest. The property is situated on a prominent corner site with three street frontages and within a popular growth corridor.

Features of this outstanding opportunity include:

  • Corner location opposite Swinburne University, nearby Glenferrie Station and Hawthorn Town Hall
  • Flexible income streams, currently returning $193,000 p.a. net *
  • Potential fully leased income of $216,000 p.a. net* or more
  • Outstanding corner site with frontages to Burwood Road, Launder Street and Kent Lane totalling 70.1 metres
  • Dominant Commercial Zone 1 site of 557sqm*.
  • Numerous mixed-use developments nearby promoting increased activity in the area
  • Substantial two-level brick building of 800sqm*.
  • On-site parking for nine (9) cars
  • Excellent location within hawthorn’s lifestyle, commercial and education precinct and nearby Glenferrie Road
  • Existing crossovers on Launder Street and Kent Lane
  • Strong future value-add potential (STPA)
  • approx.

FOR SALE VIA PUBLIC AUCTION ON TUESDAY 29TH JUNE AT 1PM ON SITE.

Parking Comments9
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Consultant

Chris James

M: 0421 779 714
E: jamesc@fitzroys.com.au

David Bourke

M: 0407 705 755
E: bourked@fitzroys.com.au

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Property Information

Property ID
129663

Price
Contact Agent

Building
800m2

Land
557m2