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IHomes Real Estate in Box Hill North is delighted to offer for sale by way of Public Auction, this outstanding retail investment located in one of Eastern Melbourne's most rapidly growing locations.
If there are three words that best sum up this freehold investment property they are location, location, location. Double fronted and situated right on Glenferrie Road this 187sqm (approx.) shop is incorporated into the ground level floor plan of Quest Hawthorn and is secured with a 3 X 3 X 3 year lease to Jane & Co Café & Providore which is open 6 days a week. A steady stream of foot traffic passes the front door thanks to the location being just metres from Glenferrie Station, Hawthorn Town Hall and Municipal Offices, Swinburne University, Hawthorn Library and St Josephs Primary School. Add to that the short and long-term residents occupying the 119 apartments above and the close proximity to numerous apartment buildings (another soon to be completed directly across the road) and it’s easy to see that there is ample opportunity for income to the business and a solid rental return for the freehold owner. The property also enjoys high visibility with a constant flow of two-way traffic in Glenferrie Road along with the no. 16 tram. In keeping with the demographics of Hawthorn, the property has been subject to a high quality fitout including fully equipped kitchen and toilets. Inspection is recommended.
Auction | 8th November 2018 @ 2:00pm, On-site
- Total land area | 187m2 approx
- Total building area | 187m2 approx
- Current Rental | $90,000.00 per annum
- Three (3) year lease - Commenced 2017
- Two (2) further option of three (3) years
- Excellent main road exposure
- Fully Equiped Kitchen & Male/Female toilets
- Commercial 1 Zoning (C1Z)
This retail property boasts excellent main road frontage with the added bonus of a long-term tenancy.
Tim Liousas – 0415 983 396
[email protected]
