Former VECCHI Building, Abutting Hawthorn Train Station, to Reap $17 Million

HAWTHORN’s former Vecchi office building at 50 Burwood Road will be put to the market, and is expected to sell for about $17 million.
 
The 5,000 square metre office, which hugs the western edge of the Hawthorn train station, will be sold with a permit for a 2,500 square metre extension.
 
Colliers International director Rob Joyes said he expects the site to arouse interest from residential developers, as well as investors, because of a flexible zoning that would allow a straightforward conversion into apartments, presumably with ground floor retail.

Read more...



Posted originally: 2009-10-11 17:28:00

Read Full Article
 
< Prev   Next >