Property Sold in 9 Montrose Street, HAWTHORN EAST VIC, 3123

Flexible Hawthorn Freehold. Gold mine in the waiting, last remaining gem!

- INVEST
- DEVELOP (STCA)

Premium Hawthorn location just behind Auburn village.

High quality warehouse

Land Area: 478 sqm approx
Building Area: 450 sqm approx
Zoning: Commercial 1 with rapidly growing and developing precinct

Surrounded by multi level residential developments currently under construction.

8 Montrose Street - A 10 level residential development with 110 apartments

https://urban.melbourne/projects/boroondara/8-montrose-street-hawthorn-east

5-7 Montrose Street - A 9 level residential development with 55 apartments.

https://urban.melbourne/projects/boroondara/hawthorn-black-5-montrose-street-hawthorn-east

Close to public transport, Auburn village, Auburn train station, shops, restaurants and Swinburne Uni all makes for growth!

Leased to Crossfit Gym

Term: Three (3) years commenced 01/11/2012 and expires 31/10/2015

Further Terms: Two further terms of Three (3) years each (01/11/2015 - 31/10/2018 & 01/11/2018 - 31/10/2021. The tenant has taken up its right to renew the Lease for the first further term of Three (3) years commencing 01/11/2015).

Current Rent: $51,984.00 per annum plus GST
Outgoings: All paid by tenant
Council Rates: $4,700.00 per annum plus GST
Water Rates: $1,350.00 per annum plus GST
Building Insurance: $2,100.00 per annum plus GST

Market Rent Review due 01/11/2015 yet to be determined

Rent Review: Yearly by 3% with a market rent review for the first year of a further term.

Opportunity of a lifetime!

For more details, please email agent