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388 Burwood Road, HAWTHORN VIC 3122 SALE

PRIME RETAIL INVESTMENT LEASED TO LONGSTANDING BUSINESS OF 17 YEARS
17
Price
Contact Agent
Area
253 sqm
Land Area
325 sqm

Description

Gorman Commercial is pleased to offer 388 Burwood Road, Hawthorn for private sale.

Key features include:

* Income: $107,000 per annum + GST + outgoings
* Secure 15-year lease to longstanding business
* A local institution with an excellent following, Zen Japanese has been in occupation for in excess of 17 years
* Fixed strong annual rental reviews
* Substantial land holding of 325 sqm plus on-site parking
* Two street frontages to Burwood Road and Kent Lane with excellent rear access
* Rear land providing scope for a variety of future development outcomes (S.T.C.A)
* Directly opposite the ever-expanding Swinburne University with over 20,000 enrolments
* Located adjacent to Glenferrie Train Station and moments from Glenferrie Road tram lines
* Walking distance to Lido cinemas and a variety of other local amenity
* The location is further underpinned by an affluent local demographic and located to several private schools including Scotch College, MLC, Xavier College, Trinity, Ruyton Girls

UNIT

Unit
Area
Price
space
253 sqm

LOCATION