Investors Seek Well Leased Retail Property

Gorman Commercial’s Tom Maule sold 460 Burwood Road, Hawthorn for $975,000 on a 4.5% yield via a private sale campaign. The 100 sqm retail property received a number of offers submitted due to its main road exposure and position within Hawthorn. Tom Maule commented, “Investors felt confident due its proximity to Swinburne University and anticipated influx of local and international students.”