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Premium Suburban Office Investment

5-7 Guest Street, HAWTHORN VIC, 3122

Sold

Property Sold in 5-7 Guest Street, HAWTHORN VIC, 3122

Listing ID:
11351559
Status:
Sold
Price:
SOLD
Last Updated:
12/09/2019
Icon building

Property Type

Offices/Retail/Other
Icon square

Land Area

1039 SQM
Icon size

Floor Area

950 SQM
Icon parking

Parking

N/A

Premium Suburban Office Investment

Savills and Gorman Kelly are delighted to offer for sale 5-7 Guest Street, a freestanding, newly refurbished office building that’s exceptionally well located in the heart of Hawthorn. This blue-chip, two-level office property is fully leased to a high quality longstanding tenant and occupies an exceptionally valuable underlying landholding, representing an outstanding suburban investment opportunity with huge future upside.

Some of the many key attributes of this property includes:
- A large, two-level office building of 950sq m* + 19 space car park
- Fully refurbished recently, presenting immaculately throughout
- Highly valuable landholding of 1,039sq m*
- New 5.5 years + 5 years lease to DBM Consultants
- Current net rent of $362,000pa* with tenant paying all usual outgoings
- Fixed annual rental growth of 3.5%
- Walking distance to Glenferrie Retail and abundant public transport

The opportunity to secure a high calibre asset of this nature is very rare, especially when you consider the prime location, the immaculate new fit out and the secure tenant with a long term lease.

Savills Agents:

Clinton Baxter - 0413 569 888
Dorothy He - 0430 183 889

Gorman & Kelly Agents:

Samuel Torrance - 0407 057 954
Aldo Galante - 0417 055 588
Nick Breheny - 0411 601 730

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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