Fully refurbished office building in Melbourne’s Hawthorn East hits the market

A fully refurbished inner-east corporate headquarters in the heart of leafy Hawthorn East has been brought to market by Colliers Rob Joyes, Alex Browne and Ben Baines on behalf of Terraplex.

Set across three levels, the premium office asset has recently undergone a substantial $5.2 million refurbishment, providing a state-of-the-art look and feel designed by Wellard Architects. The property also benefits from new end-of-trip facilities, two outdoor terraces with sweeping CBD views, and ample on-site secure basement parking.

Colliers’ Director of Investment Services, Alex Browne, said, “18 Cato Street is the perfect building for an organisation looking to own their own cutting edge, inner suburban office premise. The large flexible floorplates and brand-new look and feel it is an ideal move-in-ready asset for a corporate headquarters.

“Countless national and international brands and organisations, such as Kookai, Coles HQ, Liberty Oil and Xero, have selected the commercial precinct as their home for headquarters and operations, and it’s easy to see why. The strategic location, excellent amenities and proximity to major arterials and transport make it an intelligent choice.”

18 Cato Street, Hawthorn Eats is positioned within Melbourne’s affluent inner east, directly opposite the Woolworths anchored Home Co Hawthorn East and only 350 metres to the Coles anchored Tooronga Shopping Centre. The building is easily accessible, immediately located off the Monash Freeway Toorak Road exit and 500 metres from Tooronga Train Station, just 9.7km from Melbourne’s CBD.

The office building sits on a 2,269sqm commercial 2 zoned landholding with the potential to develop a commercial offering utilising the 19 metres restrictions, with ample nearby planning precedence for cutting-edge multi-storey commercial developments (STCA).

“The 5,387sqm* office building is currently 34% leased to various tenants, providing a current passing rental of $844,700 per annum. When fully leased, the property is estimated to generate $2,560,000 annually,” said Ben Baines, Director of Colliers Investment Services.

“The potential for future development and instant return through leases makes this an attractive asset not only for owner occupiers but for developers and commercial investors.”

With price expectations above $30 million, 18 Cato Street, Hawthorn East is offered for sale via Expressions of Interest, closing Thursday 22 November at 3pm (AEDT).