705-711 Burwood Road Hawthorn VIC 3122

Gorman Commercial is pleased to offer 705-711 Burwood Road, Hawthorn for Sale By Expressions of Interest, closing Wednesday 30th October 2024 at 2pm.

705-711 Burwood Road, Hawthorn is so much more than a Beaurepaires tyre outlet. The property comprises a large well-proportioned future development site in a proven and deep market for either multi-level apartments or offices.

The property has the benefit of significant rental return and lease term while a development scheme & Permit can be sought for a market leading multi-level project close to Auburn Village, Camberwell Junction and Glenferrie Road's famous retail strip.

Compelling reasons to consider purchasing 705-711 Burwood Road, Hawthorn include:

* Large well-proportioned site of 1,609 sqm
* C1 zoned land with rear access
* Showroom warehouse buildings totaling 961 sqm
* Presently leased to a Beaurepaires tyre outlet
* Net Rent $234,532 pa (as at Dec 2024) plus all outgoings recoverable including land tax
* Potential for 5-6 level mixed-use or office development (STCA)
* Development Scheme available from Cera Stribley Architects
* Short walk to Auburn Village, Train Station & Swinburne University