The home of Hawthorn tapas and wine bar LULO is set to be sold under the hammer this month.
Located at 798 Glenferrie Road, the freestanding property is currently leased for five-years to LULO on the ground floor and features two upper level apartments, which are privately leased.
The property is situated on a 172sqm landholding in the heart of Hawthorn’s retail shopping strip, with immediate access to an array of cafes, restaurants, bars, boutiques and bookshops.
CBRE Melbourne Strip Retail Investments team, comprising Sandro Peluso and Rorey James, has been appointed to sell the property via public auction on Friday, May 26.
Mr Peluso said the property’s location in Melbourne’s tightly held inner-east was a major selling factor.
“Benefitting from a central position in Hawthorn’s major retail hub, this property offers compelling fundamentals – including income security – that will appeal to both investors and owner occupiers,” Mr Peluso explained.
Mr James said the property’s close proximity to education facilities would also attract interest from buyers looking to capitalise on its location.
“798 Glenferrie Road is located nearby the internationally renowned Swinburne University, as well as a host of elite private schools such as Camberwell Grammar, Scotch College, MLC and Care Grammar,” Mr James said.
The property also benefits from excellent transport linkages, with Hawthorn Train Station within walking distance, in addition to nearby Monash and Eastern freeways that directly link to the Melbourne CBD.
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