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