** SOLD **
Gross Waddell ICR, with Charter Keck Cramer acting as Transaction Advisor, is pleased to offer this rare Hawthorn East freehold with a leaseback to one of Australia’s top 20 listed companies. Favourably zoned Commercial 1 (C1Z), the property offers an extraordinary opportunity to buy a securely leased investment with further development or reposition upside (STCA) post lease expiry.
• Leaseback to an ASX listed company being Telstra, offering a rare ‘triple net’ lease
• Holding income of $350,000 net pa* & Telstra pays all outgoings including land tax
• 1,345 sqm* landholding favourably zoned Commercial 1 Zone (C1Z), with surrounding height precedents of 5-6 storeys
• Benefiting from two (2) street frontages with 52 m* of exposure to both Camberwell Road & Roseberry Street
• Substantial 727 sqm* of gross building area with on-site car parking
• Ability to reposition the existing freehold or develop into a premium mixed use development post lease expiry (STCA)
• Premium location merely metres to a lively retail and lifestyle precincts, home to a host of national retailers and popular eateries
• Within proximity to a number of public transport options including Auburn and Camberwell train stations plus a myriad of tram routes within walking distance
• Close to Melbourne's elite educational facilities including Xavier College, MLC, Trinity Grammar, Ruyton Girls’ School and Carey Grammar as well as Swinburne University
For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*approx
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