LEASED BY GK: Retail Results for Hawthorn

By Richard Munday October 05, 2020
GK's specialist Retail Sales & Leasing team are proud to have recently leased these two properties located in Hawthorn.
  • 779 Glenferrie Road - tenant signed a 6 year Lease plus Options
  • 641 Burwood Road, Hawthorn - tenant signed a 5 year Lease plus Options

Despite the challenging times, Leases were promptly secured on commercial terms resulting in an excellent outcome for both our clients and the incoming tenants keen to get on with business.

779 Glenferrie Road, Hawthorn

779 Glenferrie Road, Hawthorn_Leased_1

This classic two storey building, formerly occupied by Di Palma's and more recently as Anoia restaurant, has now been leased to The Pizza Project Group who will operate a pizza and pasta restaurant from the 185sqm premises with ground floor restaurant and upstairs dining.

The incoming tenant signed a 6 year Lease plus Options at a commencing rental of $52,500 net per annum.

641 Burwood Road, Hawthorn

641 Burwood Road, Hawthorn_Leased_1

Another classic two storey Hawthorn strip retail building with ground floor restaurant and first floor dwelling has been leased to Bamboo House Malaysian Cuisine. Located near the Auburn Road intersection, this 120sqm property was formerly occupied by Sage Leaf restaurant. Bamboo House signed a 5 year Lease plus Options at a commencing rental of $30,000 net per annum. This Hawthorn location will be their 3rd in Melbourne in addition to their restaurants in South Yarra and Melbourne CBD.

The length of Lease Terms for these recent agreements demonstrate the continued confidence food and beverage operators have in Hawthorn as a long term prospect for their business.
Feel free to contact me to discuss how GK can assist you with your commercial property management, sales and leasing needs.

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Richard Munday

Written by Richard Munday

Having specialized in Retail Leasing within the Cities of Boroondara, Stonnington and Port Philip, and more generally in commercial sales & leasing for some 30 years, Richard is considered a local Melbourne commercial property expert.

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