Great Investment ??? No Sweat!
GormanKelly is pleased to offer 586 Burwood Road, Hawthorn for Sale.
Comprises a fantastic opportunity to invest in the best of both worlds with a ground floor retail tenancy of 197m2 together with high quality first floor two/three bedroom apartment with separate rear access and parking. The retail tenancy enjoys a ceiling height of 6.6 metres and would be well suited to creation of additional commercial floor space at a low cost (STCA). The retail component is leased to Chris??? Gym for $54,000pa plus outgoings & GST being a long standing secure tenant and an icon of Burwood Road Hawthorn for close to 20 years while the first floor is also leased for $28,080 for two years with no options. The total current annual rental is $82,080 plus outgoings & GST.
586 Burwood Road, Hawthorn is located on the southern side of Burwood Road near the corner of Auburn Road. The property is located approximately 8km* east of the Melbourne CBD within the municipality of the Boroondara City Council. Burwood Road is a major arterial road that runs from Camberwell through to Hawthorn, where it merges with Bridge Road.
Furthermore the property is in close proximity to the following facilities:
- Located near the intersection of Auburn Road providing various retail shops, cafes and the Geebung Polo Club Hotel.
- Only a short walk to Auburn Train Station;
- Located near Glenferrie Road with tram and train services and various retailers including ANZ, NAB, Coles, McDonalds and various other national retailers;
- Easy access to the major south-eastern thoroughfares including Auburn Road, Riversdale Road, Burke Road and the Eastern Freeway;
- Close to Recreational Facilities such as the Central Gardens and Victoria Road Reserve, to name a few.
Lot/Plan No: 2/LP2696