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30-32 Lilydale Gr 753 SF Office/Medical Condo Unit Offered at $360,998 in Hawthorn East, VIC 3123
Investment Highlights
- Mixed-use development combining residential apartments with ground floor retail frontage.
- Prominent positioning near Burwood Road and Auburn Road retail precincts.
- Modern multi-story structure designed for urban living with integrated convenience.
- Located within walking distance to Auburn Railway Station and major public transport options.
- Surrounded by an established residential community and commercial amenities.
Executive Summary
32 Lilydale Grove consists of a multi-level residential development comprising approximately 10 stories, with ground floor retail space integrated into the building design. The property includes apartment units located above the retail component and is situated within the Hawthorn East area, under the jurisdiction of the Boroondara local government. It is positioned in proximity to Auburn Station, providing direct rail connectivity, and is near major thoroughfares including Burwood Road and Auburn Road. The ground floor retail space offers street-level access while residential units are likely supported by lift access and shared building amenities. Local surroundings feature a mix of commercial services, retail outlets, and established residential neighborhoods.
1 Unit Available
Unit 1
| Unit Size | 753 SF | Cap Rate | 5.00% |
| Price | $360,998 | NOI | $18,049.89 |
| Price Per SF | $479.41 | No. Parking Spaces | 2 |
| Condo Use | Office/Medical | APN/Parcel ID | 1R\PS714614 |
| Sale Type | Investment |
| Unit Size | 753 SF |
| Price | $360,998 |
| Price Per SF | $479.41 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $18,049.89 |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 1R\PS714614 |
Description
1/32 Lilydale Grove, Hawthorn East is a ground-floor strata-titled medical and consulting property, measuring approximately 70 m². The property includes two car spaces and is located 176 meters from Auburn Railway Station, close to Burwood Road and Auburn Road. Bus and tram services are in proximity, providing strong connectivity. The property is tenanted under a three-year gross lease with options. Strata details and management specifics were not provided in the source.
Sale Notes
This fully leased medical retail strata lot presents an accessible and income-generating investment in the well-connected suburb of Hawthorn East. Positioned just steps from Auburn Village and the Auburn Railway Station, it offers optimal signage exposure near Burwood and Auburn Roads. The property is convenient to tram and bus routes, with excellent access to Melbourne’s eastern corridor.
Currently configured for consultancy, the 70 m² ground floor space includes three consulting rooms, an open-plan reception, and a self-contained layout with toilet and sink. Two secure car parks serve both clients and staff, adding operational ease.
The tenancy provides an annual gross income of $28,840 under a three-year lease term with options to extend for an additional three years, offering both current stability and future upside. Suitable uses range from medical consulting to retail or office, making this asset versatile for investors or potential owner-occupiers seeking strong connectivity and a locational advantage in an established commercial and residential pocket.
+1 More
Glass frontage
Partitioned room
Reception
Partitioned room
Kitchenette
Bathroom
Property Facts
| Total Building Size | 88,587 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 8,859 SF |
| Property Subtype | Apartment | Lot Size | 0.28 AC |
| Building Class | C |
| Total Building Size | 88,587 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 10 |
| Typical Floor Size | 8,859 SF |
| Lot Size | 0.28 AC |
Amenities
Site Amenities
- On-Site Retail
Contacts
-
Jeff Stefanidis -
Tom Gilbert -
Mathew Dompietro -
Dylan Ashby -
Hudson Bond Commercial Pty. Ltd.
Presented by
30-32 Lilydale Gr
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