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Development/Land For Sale 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



Savills is delighted to offer for sale this superb, corner development site, ideally positioned within the prestigious and tightly held Anderson Hill residential precinct, being offered with a recently approved permit for a luxury mixed-use project.
Key attributes of this fantastic opportunity are:
- High profile corner site of 1,427sq m*
- Elevated position offering potential for expansive views
- Newly approved permit for a landmark mixed-use project comprising 29 large, luxury apartments and 4 ground level shops
- The perfect apartment product for the location and market
- An amazing location within the boutique South Camberwell retail village and within the prestigious Anderson Hill residential precinct, close to Anderson Park
- Close proximity to Stockland Tooronga Shopping Centre and Camberwell Junction
- A short walk to Gardiner Train Station with trams also servicing Burke Road
- Direct proximity to Monash Freeway providing easy CBD access
- The ultimate corner development opportunity with an unrepeatable mixed-use permit, perfectly positioned in arguably Melbourne’s most highly sought after and prestigious residential
precincts The opportunity to secure a prime landholding in this premium suburban location surrounded by abundant lifestyle and retail amenity is sure to be highly sought after, especially when you consider the unrepeatable approved permit for a premium residential and retail project. EOI Now Closed - Offers Under Assessment For further information, please contact: Julian Heatherich - 0412 995 655 Jesse Radisich - 0402 085 702 Benson Zhou - 0458 488 888

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Price: EOI Now Closed - Offers Under Assessment    Land: 1427m²    Occupancy: Vacant


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


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 $293
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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