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For Sale | Development Sold

Rare Commercial 1 Zoned property in the heart of Hawthorn

5-7 Inverleith Street
Hawthorn, Victoria 3122
Australia
Inquire About This Property
Building Size:
550 SQM
Lot Size (SQM):
645

Cushman & Wakefield is proud to present this rare opportunity to secure a Commercial 1 Zoned property with excellent existing improvements and flexible future redevelopment potential. The key attributes of the property include: -Prime parcel of land with a total land area of 645sqm* -Gross building area of 550sqm* -Outstanding Inner East location only 6.7km from the CBD -Rare opportunity to purchase one of the few remaining Commercial 1 Zoned properties in Blue Chip Hawthorn -Flexibility to owner occupy, invest or redevelop -Existing improvements provide an excellent existing office / warehouse -Favourable Commercial 1 Zoning -Excellent redevelopment site with favourable planning controls and rectangular shape -Mix of development options including Office, Residential Apartments and Townhouses permitted within planning controls -Property benefits from outstanding transport linkages via road, train and tram -Abundance of local amenity, retail precincts, leading educational facilities and leisure amenity -Strong owner occupier demand for office and residential in this prime location -Strong demand for boutique suburban office as a result of COVID-19 impacts supporting increased suburban office development in Hawthorn -Strength in established housing market (median house price $2,600,000) supporting redevelopment of the site into Townhouses of Residential apartments For Sale via Expressions of Interest closing Thursday 4th November 2021 at 12 noon (AEDT). For further information or to arrange a private inspection of the property please contact the Cushman & Wakefield agents. Lukas Byrns +61 423 791 126 / lukas.byrns@cushwake.com Marcus Neill +61 452 405 782 / marcus.neill@cushwake.com Andrew O’Connell +61 408 944 220 / andrew.oconnell@cushwake.com - Inner East Melbourne
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