Hawksburn Village "secure investment opportunity"

Teska Carson is marketing a prime commercial investment opportunity within the Hawksburn Village retail/commercial precinct, at Toorak in Melbourne’s inner east.

The 581 Malvern Road property (pictured above) comprises a 758 square metre, three level building.

It includes a 372 square metre showroom, 230 square metre, lower level warehouse/carpark and a first floor, 155 square metre, office with balcony and a second floor, 155 square metre, office with balcony.

The 460 square metre site, zoned Commercial 1, has nine metres of street frontage.

The property is leased to national tenant, The General Trader (Australia) Pty Ltd, trading as Minimax and returning $256,581 per annum plus GST on a five year term from August 2015 with a five year option and four per cent annual increases.

According to marketing agents, Teska Carson’s Michael Taylor the building was rebuilt during the 1980s.

Michael Taylor said the Woolworths anchored, Hawksburn Village location, boasted a number of national retailers and some of Melbourne’s finest eateries.

"Hawksburn Village is one of Melbourne‘s most coveted, well patronised, and best performing retail/commercial precincts."

The property will be auctioned on August 16 on site.