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Gorman Commercial Real Estate

1-7 Council Street Hawthorn East, VIC 3123

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1-7 Council Street,
Hawthorn East, VIC 3123

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Gorman Commercial Real Estate
Tom Maule

Gorman Commercial Real Estate

L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
04016360...
Gorman Commercial Real Estate
1-7 Council Street
Hawthorn East, VIC 3123

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4 HAWTHORN EAST RESIDENTIAL FREEHOLD VICTORIAN TERRACES - BUY ONE OR BUY ALL 4

  • 4 Titles with 4 Separate Properties
  • Invest, Develop or Renovate (STCA)
  • Total Combined Land of 426 sqm approx.
Nestled in amongst this thriving mixed-use pocket of Hawthorn East, the subject properties benefit from being within close proximity to all that this desirable and sought-after pocket of Hawthorn East has to offer.

Expressions of Interest close Wednesday 4th November 2021 at 3pm

Four (4) freehold titles comprising 3 x 2 bdrm & 1 x 1 bdrm Victorian terraces

* 1 Council Street: 2 bedroom, kitchen & bathroom ($1,820 pcm)
* 3 Council Street: 1 bedroom, kitchen & bathroom ($1,700 pcm)
* 5 Council Street: 2 bedroom, kitchen & bathroom (vacant)
* 7 Council Street: 2 bedroom, kitchen & bathroom ($1,720 pcm)

* Acquire the whole site and develop, 'value add' or renovate (STCA)
* Opportunity to occupy individually or purchase as investments with steady income streams and 'value add' over time
* Develop this corner site with frontages to Council Street (20m) and Risson Lane (19m)
* Potentially fully let income: $83,000 pa
* Total combined land area of 426 sqm approx. suitable for mixed-use development (STCA)
* Commercial 1 zoning
* Highly affluent suburb with a median house price of $2,252,000

The location's lifestyle amenity is arguably unrivalled with Camberwell Junction and multiple shopping destinations within walking distance such as Burke Road's retail shopping strip, The Well Shopping Centre, Rivoli Cinema whilst having easy access to Fritsch Holzer Reserve.

Property ID: 503924062Last Updated: 5 Jan 2022

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Gorman Commercial Real Estate
L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123

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