VERSATILE HAWTHORN FREEHOLD WITH APPROVED DEVELOPMENT PERMIT

Fitzroys is delighted to offer 261 Auburn Road, Hawthorn for sale by public auction on Thursday 20th August at 11am on site.

Conveniently located within Hawthorn's Riversdale Village, this versatile freehold presents a rare opportunity to acquire a land-rich investment with secure holding income and the benefit of a recently approved planning permit for a four-level commercial development.

Located just metres from the bustling Auburn Road and Riversdale Road intersection, the property enjoys exceptional connectivity and is surrounded by established retail, cafés, professional services, education facilities and public transport

Key attributes include:
• Offered with a short-term lease to established tenant and returning $52,000 p.a. with all outgoings recovered (including Land Tax SHB)
• Approved planning permit for a four-level development, providing significant future value-add potential
• Existing improvements consist of a single level office/retail accommodation of 165sqm*
• Generous landholding of 319sqm* with 7.1 metre* frontage to Auburn Road
• Commercial 1 Zone (C1Z)
• Rear laneway access with six (6) on-site car parks
• Surrounded by quality retailers, cafés and lifestyle amenity including Porgies Cafe, Sunny Ray’s, Riversdale Hotel and Australia Post
• Excellent connectivity via Riversdale Road trams, Auburn Railway Station and Melbourne's extensive arterial road network

261 Auburn Road, Hawthorn presents an exceptional opportunity for investors, owner-occupiers and developers to secure a versatile freehold with immediate income, valuable land and approved development permit in one of Melbourne's most sought-after inner eastern locations.

For further information or to arrange an inspection, please contact the exclusive selling agents

Chris James 0421 779 714

Ben Liu
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*Approx