Dahua Group Australia, has appointed Stonebridge Property Group to offer for sale a freestanding Car Wash investment opposite their newly developed Hawthorn Park apartment project comprising of 330 units.
Positioned on a prime corner lot in Hawthorn East, at the intersection of Burwood Road and Camberwell Road, the EcoWash Car Wash benefits from over 19,000 vehicles passing the site daily.
Stonebridge Director Kevin Tong, who is marketing the property alongside colleagues Rorey James and Nic Hage added the Commercial 1 Zone site will attract investors and developers across the country given the prime corner site coupled with the vendor favoured development clauses within the lease.
The freestanding Car Wash is securely leased on a 5-year term with an income of $225,000 per annum spread over 991 sqm of land.
Mr. Tong added “We’re located on one of the best corners in the inner east, being surrounded by the suburbs of Camberwell, Hawthorn, and Hawthorn East, all with median house prices of over $2 million.”
Stonebridge Director Rorey James also added “Single tenanted metropolitan investments are rare and highly sought after by investors and have been over a long period of time and in many instances have produced very strong results. In this instance with EcoWash being located at Hawthorn East prime corner position and with underlying land holding we expect strong interest from not only investors but landbankers who may plan to activate the site in the future.”
Furthermore, Dahua Group’s recently completed Hawthorn Park which is around the corner further highlights the confidence key players have in this part of town. The surrounding amenities and conveniences attract wide pool of residents looking to move into the affluent catchment.
Stonebridge Property Group will be formally marketing the campaign via an on market expressions of interest campaign closing on 2nd June 2021.
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