CBRE is offering for sale via auction this prized investment opportunity, situated in one of Melbourne’s most desirable suburbs at 34 Auburn Road, Hawthorn.

Key details include:

+ Substantial complex of 15 residential units, providing an opportunity to refurbish, extend or redevelop (STCA)

+ The property provides an opportunity to capitalise on Melbourne’s surging residential market and substantially increase the rents through value-add enhancement and leasing strategies

+ 1,283sqm* corner landholding with extensive street exposure to one of Hawthorn’s most well known streets and on-site car parking for each unit

+ Returning a fully leased income of $342,000* per annum

+ Each unit comprises a 2 bedroom residence with kitchen, lounge and bathroom accommodation

+ Positioned within a premier blue ribbon residential market, close prestigious inner-city suburbs with median house prices ranging from $1.5-$2.6million^

+ Surrounded by high-quality education institutions, including Swinburne University's established & expanding campus, in addition to elite and highly desirable private schools, including Scotch College, Carey Grammar, Trinity Grammar, MLC, Camberwell Girls' School and Xavier College

+ Excellent connectivity provided by immediate access to public transport networks via nearby Auburn Train Station and trams + the wider bus network

The property is for sale via on-site auction Wednesday 21st August at 12:30pm (AEST).

Contact CBRE for more information and to organise an inspection.

Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

David Minty
+61 422 564 1...
david.minty@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

Open Home Inspections:
Wednesday, July 31st - 11:00am-11:30am
Wednesday, August 7th - 11:00am-11:30am
Wednesday, August 14th - 11:00am-11:30am

*Denotes Approx.

^REIV