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524-532 Glenferrie road
Hawthorn VIC 3122
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Sold on 6 Feb 2014

524-532 Glenferrie road Hawthorn VIC 3122

  • Shop & Retail
  • 696 m²
  • Sold

Iconic Stotts Corner Freestanding Hawthorn Investment - 524-532 Glenferrie Rd, Hawthorn

    CBRE Victorian Retail Investments in conjunction with Gorman Kelly are pleased to present for sale, under instructions from the Vendors, the opportunity to acquire the iconic "Stotts Corner" retail and office freehold located at the popular Glenferrie and Riversdale Road junction, within the affluent inner city suburb of Hawthorn.

    The offering comprises a fully occupied two (2) level freestanding building securely leased to three quality tenants plus Optus rooftop income.

    The key features of the property can be summarised as follows:

    524-532 Glenferrie Road, Hawthorn:

    * Prominent two (2) level freestanding building with over 45 metres of frontage onto the busy Glenferrie & Riversdale Roads
    * Fully leased to three quality tenants plus Optus rooftop income
    * Rare long term 5 year* Weighted Average Lease Expiry (WALE)
    * Substantial building area of 696 sqm* with onsite parking and rear access
    * Over 578 sqm* of prime Hawthorn land
    * Current passing income of $226,124 per annum plus outgoings and GST
    * Excellent location in close proximity to public transport, Monash Freeway/Citylink Camberwell Junction, Swinburne University and Glenferrie Road retail precinct
    * Servicing one of Melbourne's most affluent and desirable locales
    * Future redevelopment and/or subdivision potential (STCA)
    *approx

    The property is being offered to the market via On-site Public Auction Wednesday 11th December 2013 at 12.00pm. To obtain further information, or to arrange an inspection, please contact the sales and marketing agents.

    CBRE
    CBRE
    Level 34, 8 Exhibition Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold6 Feb 2014
    Floor Area696 m²
    Land Area578 m²
    ParkingOn site parking available
    Property ID2016610319
    Category
    Last updated  3 Oct 2023
    Map for 524-532 Glenferrie road Hawthorn VIC 3122
    CBRE
    CBRE
    Level 34, 8 Exhibition Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold6 Feb 2014
    Floor Area696 m²
    Land Area578 m²
    ParkingOn site parking available
    Property ID2016610319
    Category
    Last updated  3 Oct 2023

    Listed by

    More about 524-532 Glenferrie road Hawthorn VIC 3122

    524-532 Glenferrie Road Hawthorn VIC 3122 is categorized as Shop & Retail Property. It has a floor area of 696 m² and a land area of 578 m². The listing ID for this property is 2016610319.

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