Inner East Investment with Substantial Underlying Land Tenanted To Experienced Operator
Stonebridge Property Group are pleased to present for sale 678 Burwood Road, Hawthorn East (Intersection of Camberwell Road).
Key highlights include:
- Occupied by Pacific Detailers, a proven Melbourne car wash operator with over a decade of experience, on a 5-year net lease with fixed rental increases
- Providing annual income of $225,000* + GST + Outgoings
- The established car wash tenant offers hand wash, paint protection, car detailing and an automatic wash service allowing for 24/7 customer convenience and increased revenue potential
- Untapped potential to develop a 991sqm* site supported through strategic vendor favoured development clauses (activated from Aug 2022), flexible Commercial 1 Zoned land and over 43m* of street frontage
- Located in the affluent and sought-after suburb of Hawthorn East, just 6.5km* from the Melbourne CBD (median house price $2,050,000*^).
- Positioned on the heavily trafficked intersection of Burwood & Camberwell Roads providing Pacific Detailers exposure to 19,000* passing cars daily^^.
- A tenant well suited and supported by the surrounding Hawthorn East demographic:- 59.8%* of Hawthorn East residents commute to work via car – highlighting carwash demand- With a median weekly income 27.5%* higher than greater Melbourne, Hawthorn East residents have a high level of disposable income
* Approximately
^ Source: realestate.com.au
^^ Source: Vicroads
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:
Rorey James
0439 400 081
Kevin Tong 汤聪瑜
0422 848 818
Nic Hage
0448 782 594
Property Code: 250
Remember to mention you found this property on CommercialReady.com.au
