Owned in the same family for more than 80 years, this exceptional property is now offered for sale by public auction with vacant possession for an astute purchaser to create a new chapter in history.
The property may suit a variety of different uses for developers and investors alike. Located 200m* from the intersection of Power Street on the northern side of Burwood Road, the property has a land area of 605 sq m* (10m width* x 61m depth*) and boasts dual street frontage with Lynch Street.
The two level building of 335sq m * was the site of Suter's Electric Motor Exchange which proudly operated from the mid 1930's to the late 1970's. More recently, the building has been leased as a retail showroom for a variety of furniture and homeware businesses together with its large outdoor display area. A low clearance, rear warehouse of 100sq m* has direct access to Lynch Street.
Zoned Commercial 1 under the City of Boroondara Planning Scheme and within close proximity to Glenferrie Road Shopping precinct.
A proven international apartment market underpinned by a high performing median house price in the Hawthorn area of $2,260,000*.
Terms of Sale: 10% Deposit. Balance payable in 60 days.
*approx
Auction Thursday 1st December 12pm - onsite