SOLD
Sold on 19 Jul 2024 for $26,500,000

16-18 Cato Street
Hawthorn East VIC 3123

Bedrooms: -
Bathrooms: -
Car spaces: 167
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Property Details for 16-18 Cato St, Hawthorn East

Building Type
Commercial
Local Government
Boroondara
Lot/Plan
PC366703

Last Listing description (February 2024)

Make This Your Corporate HQ in Melbourne's Affluent Inner-East

EOI Closed Offers Under Review

Colliers Office Middle Markets Team have the privilege of presenting 18 Cato Street, Hawthorn East for sale.

18 Cato Street is a premium commercial office building, having undergone a recent significant refurbishment and now tailormade for a market leading organisation to occupy.
Positioned in the affluent Inner-East suburb of Hawthorn East, providing direct access to the CBD via Citylink, this property offers a central and easily accessible location.

The key highlights of the opportunity include:

- Recent capital expenditure of approx. $5.2m*, tailored and ready for occupation
- State of the art three-level office building of 5,387m*
- Three levels of basement car parking with 167 car and 26 bike spaces
- Bright, large and flexible floor plates ideal full or part occupation
- Two oversized outdoor terraces with sweeping CBD views
- Hotel style end-of-trip facilities including male and female showers
- Partially leased to quality tenant, providing additional income
- Positioned within Melbourne's affluent inner east, immediately off the Monash Freeway Toorak Road exit
- Tooronga Train Station (500 m*) provides outstanding public transport connectivity
- Opposite the Woolworths anchored Home Co Hawthorn East and only 350 m* to the Coles anchored Tooronga Shopping Centre offering nearby retail amenity
- NABERS exempt

To obtain further information or to arrange an inspection, please contact the exclusive Colliers Office Middle Markets selling agents.


Rob Joyes 0418 137 277

Alex Browne 0418 350 545

Ben Baines 0438 328 407

Property History for 16-18 Cato St, Hawthorn East, VIC 3123

A timeline of how this property has performed in the market
Last Sold
$26,500,000
19 Jul 2024
  • 20 Oct 2023
    Listed for Sale EOI Closed Offers Under Review
  • 05 Sep 2023
    Listed for Rent - Price not available
  • 27 Jul 2023
    Listed for Rent - Price not available
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About Hawthorn East 3123

The size of Hawthorn East is approximately 3.5 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Hawthorn East in 2011 was 13,101 people. By 2016 the population was 14,306 showing a population growth of 9.2% in the area during that time. The predominant age group in Hawthorn East is 20-29 years. Households in Hawthorn East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn East work in a professional occupation. In 2011, 59% of the homes in Hawthorn East were owner-occupied compared with 53.1% in 2016.

Hawthorn East has 9,944 properties. Over the last 5 years, Houses in Hawthorn East have seen a 2.76% increase in median value, while Units have seen a -1.61% decrease. As at 30 November 2024:

  • The median value for Houses in Hawthorn East is $2,335,029 while the median value for Units is $662,293.
  • Houses have a median rent of $800 while Units have a median rent of $525.
There are currently 41 properties listed for sale, and 8 properties listed for rent in Hawthorn east on OnTheHouse. According to CoreLogic's data, 499 properties were sold in the past 12 months in Hawthorn east.

Suburb Insights for Hawthorn East 3123

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.