SOLD
Sold on 02 Aug 2024 for $285,000

503/737 Burwood Road
Hawthorn East VIC 3123

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 65m2
Land area: 1920m2
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Property Details for 503/737 Burwood Rd, Hawthorn East

Building Type
Commercial
Floor Size
65m2
Land Size
1920m2
Local Government
Boroondara
Lot/Plan
503/PS439630

Last Listing description (February 2016)

Partitioned three room office Suite with reception area on the 5th floor with natural light from floor to ceiling west facing windows. In addition, there is an opportunity to purchase some quality office furniture from the outgoing Lessee at a very reasonable price inventory available.
Carparking: Ample additional carparking is available as situated within the basement each is space available at $165.00pcm + GST as held under an annual Licence (or $180.00pcm + GST on a monthly Licence basis)
Pacific Tower is a modern glass fa ade building in a prominent inner-eastern suburban location. It is conveniently situated within walking distance of the Auburn Rail Station, is opposite the Tower Hotel and it is with a short distance to the retail precinct of Camberwell Junction.

It boasts the amenity of in-house services as provided by Regus International (formerly Corporate Executive Offices) which can readily supplement staff requirements and facilitate quality phone system and internet connection. In addition, Pacific Tower includes a thriving street-side caf and has 200 basement carparks.
Inspection by Appointment

Property History for 503/737 Burwood Rd, Hawthorn East, VIC 3123

A timeline of how this property has performed in the market
Last Sold
$285,000
02 Aug 2024
Listed for Rent
$508/w
12 Feb 2016
  • 02 Aug 2024
    Sold for $285,000
  • 05 Jan 2016
    Listed for Rent $26,500 / year
  • 29 Jun 2000
    Sold for $17,080

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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.
There are currently 52 properties listed for sale, and 17 properties listed for rent in Hawthorn east on OnTheHouse. According to CoreLogic's data, 468 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.