282-284 Auburn Road, HAWTHORN

SIGNIFICANT POTENTIAL FOR FUTURE DEVELOPMENT

PRIME LAND- INVEST- DEVELOP
Land 351 M/2 Two titles to be sold as one lot. Favourable Commercial Zone 1
Current Rent income of $73,945pa + GST
Note 10.8 meter frontage to Auburn Road
Excellent rear lane access from Riversdale Road.
Comprises two shops currently leased to established tenants.
Close proximity to intersection of Auburn Road & Riversdale Road
Offered for the first time in over 45 years.
Strong Value Add Potential (STCA)
This well proportioned site is currently leased to established tenants providing a return while redevelopment plans are formalised.
Prime City fringe location with Public transport Riversdale Road Tram service, Auburn & Glenferrie rail stations, Swinburne University, Glenferrie & Burke Road, Camberwell Retail precincts all in close proximity.
Bustling catchment of Melbourne's best private schools and a soaring median house price of $2,955,000 (Dec 21 Qtr source REIV)
Inspection and further details contact Damien Shiel 0419 394 999 or Paulina Falvo 0414 227 006