2B Cromwell StreetBurwood VIC 3125
Property Details for 2b Cromwell St, Burwood
Last Listing description (June 2026)
SUIT CIRCA $500,000 BUYERS
*Auction Thursday 27th October from 12 pm onsite*
An incredibly rare opportunity to secure four shops (three adjoining) all on separate titles to be offered individually or combined.
+Located within a tightly held local shopping strip - 3 individual neighboring shops plus 1 corner property
+Commercial 1 Zone landholding over four (4) titles
+Rear access for all & on-site parking for 3 of the 4 properties.
+Four (4) separate tenancies on varying lease terms providing a diverse annual income of $81,168* + GST + Outgoings
+A well-exposed & strategic land holding, in close proximity to Toorak Road, Deakin University, Burwood shopping precinct anchored by an IGA, Chemist Warehouse, banks, and retail amenities.
+ Suitable for owner occupiers, investors, and developers (upon expiry of leases) STCA
*Approx.
PROPERTY HIGHLIGHTS:
2B CROMWELL STREET, BURWOOD
Tenant: Hairdresser
Land Area: 112sqm*
Building Area: 55sqm*
Rental: $19,500p.a. NET + GST
Lease Term: Three (3) Years commenced 1st Nov 2022
Option: One (1) Further Term of Three (3) Years
Increase & Review: 3% Annual Increase & Market Review at Option
2C CROMWELL STREET, BURWOOD
Tenant: Window Furnishings
Land Area: 115sqm*
Building Area: 55sqm*
Rental: $20,000p.a. NET + GST
Lease Term: Three (3) Years commenced 1st Jun 2022
Option: One (1) Further Term of Three (3) Years
Increase & Review: 3.5% Annual Increase & Market Review at Option
4A CROMWELL STREET, BURWOOD
Tenant: Bakery
Land Area: 115sqm*
Building Area: 55sqm*
Rental: $19,668p.a. NET + GST
Lease Term: Three (3) Years commenced 22nd Jan 2022
Option: Month-to-Month
4C CROMWELL STREET, BURWOOD
Tenant: Caf
Land Area: 113sqm*
Building Area: 75sqm*
Rental: $22,000p.a. NET + GST
Lease Term: Five (5) Years commenced 1st Jun 2022
Option: One (1) Further Term of Five (5) Years
Increase & Review: CPI Increase & Market Review at Option
Please contact Benjamin Klein 0433 047 000 or Raoul Salter 0418 335 432 to book an inspection or for any further information.
Property History for 2b Cromwell St, Burwood, VIC 3125
- 02 May 2025Sold for $565,000
- 27 Oct 2022Sold for $505,000
- 29 Sep 2022Listed for Sale Price Indication - Contact Agent
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About Burwood 3125
The size of Burwood is approximately 6.0 square kilometres. There are 28 parks, covering nearly 18.5% of the total area. The population of Burwood in 2016 was 15019 people. By 2021 the population was 15147 showing a population growth of 0.8% in the area during that time. The predominant age group in Burwood is 20-29 years. Households in Burwood are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Burwood work in a professional occupation.In 2021, 57.30% of the homes in Burwood were owner-occupied compared with 58.50% in 2016.
Burwood has 8,523 properties. Over the last 5 years, Houses in Burwood have seen a -9.73% decrease in median value, while Units have seen a 5.88% increase. As at 31 July 2026:
- The median value for Houses in Burwood is $1,330,784 while the median value for Units is $742,690.
- Houses have a median rent of $700 while Units have a median rent of $640.
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