National Storage Investment with Development Potential
Gorman Commercial and Nichols Crowder are delighted to offer 660-662 Burwood Road, Hawthorn for sale via Expressions of Interest.
Underpinned by a lease to ASX listed tenant National Storage, this prominent site in the heart of Hawthorn benefits from over 38 metres of Burwood Road frontage, and with a 5 year lease and no further options, represents an opportunity for developers and owner occupiers alike.
Investment Highlights:
* Lease term: Five (5) years (expiring Nov 2029)
* Current Income: $600,000 pa + GST + outgoings + land tax
* Fixed 4% annual rental increases
* Land area: 2,097 sqm*
* Over 38 metre frontage to Burwood Road plus rear laneway
* Commercial 1 zoning
For further details or to arrange an inspection please contact:
Matt Nichols 0418 186 488
DISCLAIMER:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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