- Offered for the first time in 50 years
- Securely leased to national tenant
- Rear access to council car park
Description
Gorman Commercial are pleased to offer exclusively this blue-chip retail investment for sale by public auction on Thursday 13th March at 12pm on-site.
Offered for the first time in 50 years, the property presents purchasers with the opportunity to acquire a generational retail investment within the heart of the best suburban retail shopping strip in Melbourne.
The key features of this premium offering as follows:
* Passing income of $113,076 pa (at June 25') with significant potential rental growth from the ground floor tenancy.
* Securely leased ground floor retail to market leading Breadtop Bakery, with 80+ stores throughout Australia & New Zealand.
* Recently completed & fully refurbished first floor two-bedroom apartment which has it’s own separate access.
* Rear access via council car park and ample on-site parking
* Located within the prime part of Glenferrie Road, immediately opposite to Coles supermarket and surrounded by well-known and popular retailers including Readings, Haighs, Sushi Sushi, Fishbowl, McDonalds, Yo-Chi, Gong Cha, Axil Coffee plus many more.
* Abutting substantial council car park as well as being metres from two additional large council car parks.
* Walking distance to all that this bustling location has to offer:
- Swinburne University – with over 20,000 student enrolments (150 metres)
- Hawthorn Aquatic & Leisure Centre (100 metres)
- Underpinned by excellent public transport amenity and walking distance to Glenferrie train station (150) and Glenferrie Road tram line.
- Highly affluent local demographic and located to several private schools including MLC, Xavier College, Trinity, Ruyton Girls and several other local primary schools.
* Directly opposite Lido Cinemas with eight indoor cinemas plus a rooftop cinema
* Glenferrie Road, Hawthorn retail shopping strip is thriving. There are 150 shops between Burwood Road and Liddiard Street/Christobel Crescent with two (2) retail shops currently for lease. This shows a minimal vacancy rate of 1.3% within this high profile part of the strip.