Stonebridge Property Group are pleased to present for sale 678 Burwood Road, Hawthorn East (Intersection of Camberwell Road).
Key highlights include:
- Occupied by Pacific Detailers, a proven Melbourne car wash operator with over a decade of experience, on a 5-year net lease with fixed rental increases
- Providing annual income of $225,000 + GST + Outgoings
- The established car wash tenant offers hand wash, paint protection, car detailing and an automatic wash service allowing for 24/7 customer convenience and increased revenue potential
- Untapped potential to develop a 991sqm* site supported through strategic vendor favoured development clauses (activated from Aug 2022), flexible Commercial 1 Zoned land and over 43m* of street frontage
- Located in the affluent and sought-after suburb of Hawthorn East, just 6.5km* from the Melbourne CBD (median house price $2,050,000*^)
- Positioned on the heavily trafficked intersection of Burwood & Camberwell Roads providing Pacific Detailers exposure to 19,000* passing cars daily^^
- A tenant well suited and supported by the surrounding Hawthorn East demographic:
– 59.8%* of Hawthorn East residents commute to work via car – highlighting carwash demand
– With a median weekly income 27.5%* higher than greater Melbourne, Hawthorn East residents have a high level of disposable income
^ Source: realestate.com.au
^^ Source: Vicroads
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.