5-7 GUEST STREET, HAWTHORN
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 lease to DCM Consultants
Demolition provision available from March 2024
Current net rent of $362,000pa* with tenant paying all usual outgoings
Fixed rental growth of 3.5% per annum
Walking distance to Glenferrie Retail Precinct 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.
5-7 Guest Street, Hawthorn is For Private Sale.