Description
Auction: Friday 29th June at 12 noon on-site
Gorman Commercial is pleased to offer a rare retail freehold located on one of Melbourne's premier retail strips, Glenferrie Road, Hawthorn.
792 Glenferrie Road, Hawthorn offers you an exceptional opportunity to invest, occupy or develop (STCA) with a significantly under utilised land area and current short term holding income.
The property's key highlights are as follows:
*Freestanding, single-storey building with development potential (STCA)
*Rare "Value Add" opportunity in a AAA location
*Short term income of $72,000 pa net
*Land Area: 167 sqm approx.
*Building Area: 82 sqm approx.
*Located within walking distance of Swinburne University (700m) and Glenferrie Train Station (500m)
*Under utilised land holding with a site coverage of less than 50%
*Accessible via rear laneway with four car spaces on title
Please contact the exclusive sales agents below for open for inspection times & dates.