Gorman Allard Shelton is pleased to offer for sale 385 Tooronga Road, Hawthorn East.
The property provides five high quality office suites in a strategically located position amongst national businesses and retailers.
Key features of the property include:
Five (5) separate tenancies
Building area: 432 sqm approx.
Combined income: $165,129 pa net
Fixed annual rental increases
Fourteen (14) on-site carparks with rear access
Perfectly positioned near the intersection of Tooronga and Toorak Roads and moments from the Monash Freeway on/off ramp.
The property is situated within a well established business area home to prominent national tenants including Coles Head Office and Liberty Oil Head office. The area is also home to the Coles anchored Tooronga Village Shopping Centre and HomeCo Shopping Centre which houses national retailers Woolworths, PETstock, Chemist Warehouse, Dan Murphy's and Anaconda.
The size of Hawthorn East is approximately 3.5 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Hawthorn East in 2016 was 14321 people. By 2021 the population was 14834 showing a population growth of 3.6% in the area during that time. The predominant age group in Hawthorn East is 20-29 years. Households in Hawthorn East are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn East work in a professional occupation.In 2021, 57.80% of the homes in Hawthorn East were owner-occupied compared with 53.10% in 2016.
Hawthorn East has 10,002 properties. Over the last 5 years, Houses in Hawthorn East have seen a 8.62% increase in median value, while Units have seen a 6.35% increase. As at 30 November 2025:
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