Sold Before Auction: 546 Burwood Road, Hawthorn

By Aldo Galante November 20, 2019


This securely leased retail property was snapped up within one week of announcing the forthcoming auction.

The undisclosed sale price reflected an effective sale yield of approximately 3%.


Land Tax grouping resulted in holding the property not being economically viable.

The Tenant recently opened a new bar trading as ‘The Black Sheep’ selling craft beer and gin which has rapidly gained popularity with the locals.


The buyer is a local investor who appreciated the value of a main road property with rear access and upside with medium-term development potential.

Whilst Christmas is fast approaching, there is still time to sell. Our extensive database of prospective purchasers enables us to offer a property for sale with minimal, often nil, marketing costs incurred by the vendor.


Speak to us today to see how GormanKelly can achieve a result for you.

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Aldo Galante

Written by Aldo Galante

For over 30 years, Aldo has been at the forefront of Australia’s fast-evolving property industry. He served as President of the prestigious Australian Property Institute (Vic), providing determinations on rent-reviews and valuations

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