353 Burwood RoadHawthorn VIC 3122
Property Details for 353 Burwood Rd, Hawthorn
Last Listing description (August 2019)
INSPECTION
Wednesday 1.30pm- 2.00pm
Boasting a prominent position within the bustling Glenferrie Road precinct where students, shoppers and diners congregate, this busy retail shop and office provides instant security for the astute freehold investor. Offering two secure leases on the 223m2 (approx.) premises, the property returns a combined income of $75,000 + GST per annum, with revised increases and additional lease options.
Retail shop
$53,000 + GST income
4% fixed annual increases
Lease expires October 2023
1x 5-year lease renewal option available
Office
$22,000 + GST income
Lease expires June 2020
2x 2-year lease renewal options available
CPI increases upon lease renewals
Zoned as Commercial 1, this vibrant hot-spot near Glenferrie Road s corner is a melting pot for endless eateries, daily services, entertainment, recreation and city-bound transport, surrounded by highly sought-after residential areas, providing the perfect addition to your successful investment portfolio.
Property History for 353 Burwood Rd, Hawthorn, VIC 3122
- 01 Mar 2024Sold for $2,175,000
- 20 Feb 2019Listed for Sale Not Disclosed
- 19 Nov 2018Listed for Rent - Price not available
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0About 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 16,515 properties. Over the last 5 years, Houses in Hawthorn have seen a 27.98% increase in median value, while Units have seen a -0.49% decrease. As at 31 July 2024:
- The median value for Houses in Hawthorn is $2,545,138 while the median value for Units is $554,169.
- Houses have a median rent of $900 while Units have a median rent of $500.
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