301/12 Cato StreetHawthorn East VIC 3123
Property Details for 301/12 Cato St, Hawthorn East
Last Listing description (August 2023)
Gorman Allard Shelton is pleased to offer Suite 301, 12-14 Cato Street, Hawthorn East for private sale.
This suite sits on the top floor of this well regarded and timeless office development in the best office precinct in Hawthorn East.
This is a securely leased asset with a strong lease profile in place.
Key features of this opportunity include:
* Building area of 272 sqm approx. plus a private terrace
* Five (5) year lease plus option
* Leased to Victoria Anaesthetic Group
* Rental income of $110,932 pa
* Fixed annual rental increases
* Eight (8) secure parking bays
Nearby amenities include the Tooronga Village Shopping Centre with Coles anchoring the complex and an additional 22 specialty stores. Home HQ is also nearby with Woolworths, Dan Murphy's and Anaconda as tenants. The location is further enhanced by immediate access to the Monash Freeway/Citilink via the Toorak Road entry/exit ramp.
Property History for 301/12 Cato St, Hawthorn East, VIC 3123
- 01 Jul 2024Sold for $1,880,000
- 08 Feb 2023Listed for Sale Contact Agent
- 17 Nov 2020Listed 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 9,838 properties. Over the last 5 years, Houses in Hawthorn East have seen a 10.74% increase in median value, while Units have seen a 6.64% increase. As at 31 October 2024:
- The median value for Houses in Hawthorn East is $2,364,753 while the median value for Units is $683,840.
- Houses have a median rent of $810 while Units have a median rent of $525.
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