511/616 Glenferrie Road, Hawthorn, VIC 3122 | Commercial for sale | OnTheHouse
 
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511/616 Glenferrie Road
Hawthorn VIC 3122

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 31m2
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Effortless Investment with $20,797 Annual Net Return - Next Option Ending 2031

Low-maintenance investing doesn't get more straightforward than this. Unit 511 is a fully furnished, professionally managed studio apartment secured under a long-term lease to Corporate Living through to 2043, providing secure income and genuine peace of mind. From 30 May 2026 to 29 May 2031, the property will generate $20,797 per annum, with fixed 4% annual increases, making it a compelling addition to any portfolio.
Set within a modern, architecturally designed building, this is a true "hands-off" investment requiring no day-to-day management. The studio is tastefully fitted with contemporary finishes, a smart and practical kitchenette complete with stainless steel appliances, and a bright, well-designed living area suited perfectly to executive-style accommodation.
Residents enjoy access to quality shared amenities including a fully equipped gym, rooftop BBQ terrace, communal laundry, secure intercom entry, and lift access - all professionally maintained to ensure ongoing presentation and tenant satisfaction.
Located just moments from Swinburne University, the vibrant retail and dining precinct of Glenferrie Road, and excellent public transport options, the property benefits from strong and consistent tenant demand in a highly sought-after inner-east setting.
Investment Highlights;
* Secure net return of $20,797 per annum
* Fixed 4% annual rental growth
* Long-term corporate lease in place until 2043
* Fully furnished, modern studio apartment
* Stainless steel appliances and gas cooking
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Property Details for 511/616 Glenferrie Rd, Hawthorn

Building Type
Commercial
Floor Size
31m2
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About Hawthorn 3122

The size of Hawthorn is approximately 5.9 square kilometres. There are 29 parks, covering nearly 10.8% of the total area. The population of Hawthorn in 2016 was 23511 people. By 2021 the population was 22322 showing a population decline of 5.1% in the area during that time. The predominant age group in Hawthorn is 20-29 years. Households in Hawthorn are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation.In 2021, 51.80% of the homes in Hawthorn were owner-occupied compared with 45.90% in 2016.

Hawthorn has 16,727 properties. Over the last 5 years, Houses in Hawthorn have seen a -6.38% decrease in median value, while Units have seen a -12.07% decrease. As at 31 May 2026:

  • The median value for Houses in Hawthorn is $2,569,943 while the median value for Units is $573,968.
  • Houses have a median rent of $1,050 while Units have a median rent of $550.
There are currently 33 properties listed for sale, and 23 properties listed for rent in Hawthorn on OnTheHouse. According to Cotality's data, 746 properties were sold in the past 12 months in Hawthorn.

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Gavin Zeitz
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G & H Property Group
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