Andrew Thorburn from Gross Waddell has sold 177 Auburn Road, Hawthorn via an Expressions of Interest campaign for $4,576,000 to a local developer.
Featuring 1,184m² of prime residential land, the property represented a unique opportunity to acquire a significant land holding in the heart of Hawthorn. The property is located between Glenferrie Road and Burke Road retail precinct in the highly sought after area of Hawthorn.
Main attributes of the property are plans and permits for 22 apartments and 22 car spaces designed by C.Kairouz Architects. The prominent corner site is 450 metres* from Auburn Train Station and in close proximity to major schools and Swinburne University. The property is 10 kilometres* from Melbourne’s CBD. The corner site features a 22.86 metre* frontage to Auburn Road and a 51.82 metre frontage to Auburn Grove.
Andrew Thorburn of Gross Waddell commented “sites in this location with plans and permit rarely present themselves. 177 Auburn Road received considerable interest from both local and off-shore developers alike. The property eventually sold to a local developer who plans to utilise the permit approved”.