THE PROPERTY DEVELOPMENT REVIEW
VIEW LISTING
Gross Waddell ICR, with Charter Keck Cramer acting as Transaction Advisor, is pleased to offer this rare Hawthorn East landholding, subject to a leaseback to one of Australia’s top 20 listed companies. Favourably zoned Commercial 1 (C1Z), the property offers an extraordinary opportunity to buy a securely leased investment with significant development upside (STCA). • 1,345 sqm* landholding positioned in the heart of the prestigious Hawthorn East • Leaseback to an ASX listed company being Telstra • Triple net lease returning $350,000 pa* • Commercial 1 Zone (C1Z) with surrounding height precedents up to 5-6 stories • Established residential catchment with a median house price of $2,910,000 (source REIV)
TRANSACTION ADVISOR:
*approx.
September / October 2023 – 53
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