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Development/Land For Sale or For Lease found in CAMBERWELL, VIC 3124


Investment | Retail | Development/Land

Savills is delighted to offer for sale this prime freehold retail building in a highly sought after position within the heart of the Burke Road retail precinct. This property represents a fantastic opportunity to acquire a prominent asset fully leased to two secure tenants in a blue-chip location that has been completely refurbished to present immaculately throughout.
The key attributes of this fantastic property include:
- Two premium retail shops totalling 275sq m* on one title
- Leased to T2 (a wholly owned subsidiary of Unilever Ltd with market cap of $165b*) and Montebello Emporium
- Newly refurbished building with new A/C, roof, amenities, services etc.
- Large landholding of 273sq m* with two street frontages
- Located in the absolute prime Burke Road position surrounded by national retailers
- Prominent Burke Road frontage plus rear frontage to Market Place (Camberwell Market location)
- An abundance of public car parking and public transport
- Current Net Rental: $307,087 per annum* (as at 1 Oct 2017)
Given the record low interest rate environment, secure retail investments with quality tenants and fixed, built-in
rental growth in an established and highly sought after retail location are in short supply and we highly recommend your consideration of this high profile retail investment. 596 Burke Road, Camberwell is For Immediate Private Sale. For further information, please contact: Nick Peden - 0402 011 266 Jesse Radisich - 0402 085 702 Benson Zhou - 0358 488 888

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Price: Immediate Private Sale    Building: 275m²    Land: 273m²    Occupancy: Tenanted


Development/Land | Medical

+ Prime positioning within Toorak Road and Burke Road Village with popular retail, dining and cafe amenity
+ Two individual character home improvements with income potential
+ Premier Camberwell landholding of 1,360sqm* over two titles
+ Adjoining Epworth Camberwell - 147 bed healthcare facillity
+ Only 750m* from Stockland Tooronga Shopping Centre and Coles Supermarket, plus top Melbourne retail options with Burke Road Village (100m*). Camberwell Junction and Fresh Food Market only 1.6km*
+ Strong potential for medical development with indicative scheme, or high density residential apartment project (STCA)
+ Immediate public transport options with trams (95m*), Gardiner Train Station (850m*) plus quick link to Monash Freeway connecting the Melbourne CBD (8km*)
+ Affluent demographic with median house price of $2,295,000**, in close proximity to internationally recognised private secondary schools and world class tertiary education
For Sale via Expressions of Interest closing Thursday 17th August at 5.00pm.
**Source: REIV
Josh Twelftree
+61 452 524 985
Scott Orchard
+61 425 760 712
Chao Zhang
+61 411 625 068

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Price: Contact Agent    Building: 1360m²    Land: 1360m²

Properties located in the surrounding suburbs


Development/Land | Industrial | Other

Secure yard space available for Lease in highly sought after Burwood.
Located on Duffy Street, metres from Highbury Road and just 13 kilometres from Melbourne's CBD.
The outstanding location benefits from fantastic access to arterial roads such as the Monash Freeway, Warrigal Road, Huntingdale Road and Princes Highway.

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Rent Contact Agent
Land 1000m²
Property ID 266347


Suburb Summary - Camberwell, VIC 3124

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $308
Retail $494
Industrial $248
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.

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