GormanKelly has sold 4-16 Victoria Road Hawthorn East after a very competitive Expressions of Interest campaign.

Victoria Road comprised two adjoining warehouses on a single Commercial 1 zoned site, with an 8 metre height restriction.

The property was leased to long term occupant A&F Driveshafts on a 2 year lease with no options and was returning $60,000 per annum.

The campaign attracted interest from smaller developers and owner occupiers, but it was ultimately sold to a local builder that intends to see out the lease and develop their own offices.

To view the sale results of this property, click 4-16-Victoria-Road-Hawthorn-East-Sale-Results or the image below.

We have a number of unsatisfied requirements to purchase industrial sites in the Hawthorn East area with the view of refurbishing or developing – if you are considering selling, please feel free to get in touch.