Prime Burwood Rd Corner with 5 Level Development Potential in Future STCA

New 5 year lease to September 2027, plus options through to 2037.

Prime 262sqm* landholding with 38 metre* street frontage plus ROW.

Prestigious Burwood Road location between Glenferrie Road and Auburn Road with 19,400 vehicles passing daily (1).

Thriving education, hospitality and retail precinct with Swinburne University, Bunnings Warehouse, Beacon Lighting, Volkswagen, PETstock, Petbarn, Glenferrie Station and Auburn Station all within 1km*.

Positioned opposite Swinburne and new 7 level Auborn Lane mixed use development.

Commercial 1 Zoning (C1Z) with future potential 5 level development (STCA).

Set-and-forget net lease terms with the tenant responsible for council rates, water rates, insurance, repairs and maintenance.

Sri Lankan restaurant tenant, secured by director’s guarantee and security deposit of 4 months rent + GST.

Annual fixed 3% increases, ensuring strong and certain rental growth.

Hawthorn: Household incomes 23% above national average (2) and median house price of $2.4 million is 146% greater than metro Melbourne median (3)

Net Income: $114,625 pa + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino Melbourne

*approx.
1. gap maps
2. ABS
3. REIV