Large freehold office building in Melbourne’s affluent Hawthorn brought to market

Colliers agents Alex Browne, Ben Baines and James Zhuang, and Stonebridge agents Julian White, Dylan Kilner, and Chao Zhang and Adam Guest from Wilson Commercial, have been appointed to bring a freehold office building located on 465 Auburn Road, Hawthorn, with price expectations around $18 million.

The 2,739sqm two-storey office building, with 85 on-site parking spaces, sits near the corner of Toorak and Auburn Road with a triple fronted 2,439sqm Commercial 2 landholding with development upside (STCA).

Colliers Director of Investment Services, Alex Browne, said, “The property offers generously sized and recently refurbished interiors providing a move-in-ready location ideal for a corporate headquarters. Future development possibilities with height potential of 19 metres make it a valuable asset for owner occupiers and investors alike.”

“With owner occupiers being particularly active in the city-fringe market, we are expecting a lot of interest to come from that pool of buyer, given the opportunity to occupy the premises immediately and having the option to upscale in the future,” Mr Browne added.

Nestled within one of the most affluent municipalities in Melbourne with multiple services and amenities on offer with the Woolworths anchored Home Co Hawthorn East and Coles anchored Tooronga Shopping Centre just 350 metres away.

“The property is ideally situated immediately off the Monash Freeway Toorak Road exit, 500 metres from Tooronga Train Station, just 6.75km from the Melbourne CBD, making an accessible and sought-after location for several users,” said Stonebridge’s National Partner Julian White.

“Positioned within Melbourne’s highly affluent inner eastern suburbs, the property is surrounded by popular residential areas for c-suite professionals, making this an ideal corporate headquaters,” Mr White added.

With price expectations around $18 million, 465 Auburn Road, Hawthorn, is offered for sale by Expressions of Interest, closing Thursday 3rd August, at 2pm (AEST).