Blue chip Hawthorn investment with significant development upside.
> Prestigious St James Park location.
> Substantial land content: 981 sqm approx.
> Expansive frontage to Yarra Street: 20.11 metres approx.
> Impressive stand alone office building of 618 sqm approx.
> Excellent off street carparking - 12 cars
> Rear access via laneway
> A-grade landbank, development opportunity or luxury home site (STPA)
> Abuts Melbourne's premier residential streets, which include Coppin Grove, Shakespeare Grove & Isabella Grove. An area which has seen single dwelling sales of $5 - $20 million+ results.
Lease Summary
Current Rental: $123,735 pa
Lease Expiry: 30/06/2016
Zoned: Neighbourhood Residential Zone - Schedule 3 (NRZ3)
The subject property is located on the western side of Yarra Street, only metres to Burwood Road, being approximately 4 kms east of Melbourne CBD. The surrounding area provides a diverse mix of high net worth residential properties, high profile commercial office buildings (including medical) specialty retail incorporating upmarket cafés and restaurants.
It is ideally positioned being inRead more
Lot/Plan No: 1/TP443292
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