Teska Carson brings to market a top floor office space in Hawthorn East, one of Melbourne’s most sought after city fringe suburbs.
Part of a large, modern three level office building, the entire top floor at 20 Cato Street, Hawthorn East, is now for sale and will be auctioned on Friday, December 6 at 12pm on site.
The asset comprises a 523.7 square metre office suite with a reception and waiting area, a mix of open-plan and partitioned offices, multiple meeting areas, a boardroom, kitchen and lunchroom. There are also 17 basement car spaces.
The property is located on a Commercial 2 zoned site in what is a highly sought-after business district which includes Bunnings head office.
At a glance:
According to marketing agents, Teska Carson’s Jack Kelliher and Luke Bisset, the versatile layout would suit a variety of uses and options including an opportunity to occupy as a whole or split into two tenancies for lease and/or owner-occupation.
“This is a quality property and very versatile providing the purchaser with a myriad of options, and in a highly desirable area with Bunnings head office next door and others including Coles and Kennard Hire nearby,” Kelliher said.
“It may suit an owner-occupier in its entirety or partial owner occupation and part lease or an investor looking for a highly regarded office location.
“It is also very well served transport wise with immediate access to Monash Freeway and CityLink with Tooronga train station, buses and trams within walking distance.”
Mr Bisset said strata office suites in the most desirable inner suburbs had become increasingly popular with investors, SMSFs, and owner-occupiers over the last couple of years.
“These types of properties are very popular with a host of buyers looking for a more attractive yield than is available with other investment classes at the moment, particularly with borrowing rates so low,” he said.
“These properties also attract a high level of tenant interest due to the quality standard of accommodation, the close proximity to the CBD, relatively cheaper rents, parking, and in many cases, close proximity to home in the eastern and or northern suburbs.”
The property’s key attributes include flexible space with numerous options, quality offices with excellent natural light, 17 undercover car spaces, excellent private and public transport access and vacant possession.
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