Outstanding Hawthorn Retail Leased to Laurent Bakery Sold to a Local Investor

Jonathon McCormack and Andrew Prowse of Gorman Commercial sold 703 Glenferrie Road, Hawthorn under the hammer with multiple bidders for $3,910,000 to a local investor on a land rate of $16,049 psm.  The outstanding freehold retail was securely leased to Laurent Bakery and was the first time offered to the market in 52 years.