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Sold on 31 Oct 2024 - Price Unavailable

150 Burwood Road
Hawthorn VIC 3122

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 300m2
Land area: 273m2
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Property Details for 150 Burwood Rd, Hawthorn

Building Type
Commercial
Floor Size
300m2
Land Size
273m2
Local Government
Boroondara
Lot/Plan
1/TP892838

Last Listing description (January 2023)

Knight Frank is thrilled to offer for sale via on-site Auction, this exceptional investment opportunity in one of Melbourne's most desired suburbs, just 4.9km East of the Melbourne CBD.

150 Burwood Road has the following key investment features:

- Secure lease to Domain Property Advocates Pty Ltd
- New 3 year lease expiring August 2021
- Net income of $106,948.61 plus GST p.a.
- Fixed 4% annual increases
- Building area of approx 300 sqm, with a land area of 272 sqm*
- ROW access with three (3) rear car spaces
- Flexible commercial 1 zoning
- Long term tenant with six (6) year trading history

150 Burwood Road is superbly situated on the Southern side of Burwood Road and forms part of one of Melbourne's most highly regarded retail districts, and an area which is renowned for blue-chip commercial and residential real estate.

Located only 4.9km from Melbourne's CBD, accessibility to the property is astoundingly simple with a myriad of public transport options available including train and tram networks. Melbourne's best private schools and Tertiary Education is within close proximity and further bolsters the highly sought after location.

The property will be open for inspection Wednesday's between 11:30am - 12:00pm each week, alternatively an inspection can be arranged by appointment.

150 Burwood Road, Hawthorn is being sold via a public on-site Auction to be conducted on Friday the 30th November at 12noon.

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Property History for 150 Burwood Rd, Hawthorn, VIC 3122

A timeline of how this property has performed in the market
Last Sold
31 Oct 2024
Listed for Rent
$1.50k/w
15 Aug 2012
  • 31 Oct 2024
    Sold
  • 30 Nov 2018
    Sold for $2,350,000
  • 01 Nov 2018
    Listed for Sale Auction 30/11/18
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About Hawthorn 3122

The size of Hawthorn is approximately 5.9 square kilometres. It has 29 parks covering nearly 10.8% of total area. The population of Hawthorn in 2011 was 21,177 people. By 2016 the population was 23,512 showing a population growth of 11.0% in the area during that time. The predominant age group in Hawthorn is 20-29 years. Households in Hawthorn are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation. In 2011, 47.6% of the homes in Hawthorn were owner-occupied compared with 45.9% in 2016.

Hawthorn has 16,419 properties. Over the last 5 years, Houses in Hawthorn have seen a 14.40% increase in median value, while Units have seen a 3.58% increase. As at 31 October 2024:

  • The median value for Houses in Hawthorn is $2,623,116 while the median value for Units is $592,356.
  • Houses have a median rent of $800 while Units have a median rent of $520.
There are currently 36 properties listed for sale, and 26 properties listed for rent in Hawthorn on OnTheHouse. According to CoreLogic's data, 786 properties were sold in the past 12 months in Hawthorn.

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