Mount Hawthorn investment opportunity to beckon buyers

​Perth, 23 March 2016 –  A prominent retail shop fronting a major thoroughfare in one of Perth’s most revered suburbs, Mount Hawthorn, is being offered for sale.

Located at 421-423 Oxford Street, the 582sqm site comprises a 232sqm retail property in the heart of Mount Hawthorn’s vibrant and rapidly emerging quality retail, service and café precinct.

The property, which is being offered with vacant possession, benefits from more than 12 metres’ frontage to Oxford Street and also includes rear car park access for optimum accessibility.

CBRE’s Ben Younger and Kate Foley have been appointed to sell the property on behalf of RUAH Community Services via an Offers to Purchase campaign.  

Mr Younger said the property’s sought after location in Perth’s northern suburbs would be a major selling drawcard.

“Mount Hawthorn, particularly Oxford Street, boasts a prominent main street destination in a highly revered city fringe location,” Mr Younger said.

“This precinct continues to evolve into a high quality retail, service and café strip, with several nearby mixed-use residential developments under construction, adding to the area’s increasing appeal.”

Ms Foley went on to say the opportunity to acquire a footprint in the tightly held Mount Hawthorn area was likely to attract buyer interest from both local and interstate investors.

 Opportunities to acquire commercial property in a high profile location such as this is also likely to attract interest from developers looking to unlock the potential value of this underutilised site,” Ms Foley explained.

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than  400 offices (excluding affiliates) worldwide.  CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.  Please visit our website at www.cbre.com.