Ray White Commercial Oakleigh is pleased to offer 726 Burke Road, Camberwell to market by way of Auction on 21st April 2022 @ 2.30pm. This magnificent multi-tenanted property offers investors a rare opportunity to secure a significant freehold positioned within the prime trading section of one of Melbourne's strongest performing and most prestigious retail strip centres.
The property is strategically located within the South-East corridor of Metropolitan Melbourne accessible via Toorak Road, Eastern Freeway and the Monash (M1) Freeway plus close proximity to Camberwell train Station making this property an outstanding investment opportunity.
Property Features:
• Total land area | 187m2*
• Combined building area | 226m2*
• Including ground floor retail area | 151m2*
• Plus first floor 2 bedroom residence with separate entrance | 75m2*
• Street frontage to tightly held Burke Road retail strip
• Current combined rental $71,311* p/a
• Retail area leased until 14th January 2027 returning $51,499 p/a + GST + outgoings
• Residence leased until 07th Feb 2023 returning $19,812 p/a
• Retail area has Two (2) further terms of Six (6) Years
• Shop & residence separately metered
• Serviced by major arterial roads including Toorak Road & Monash Freeway (M1)
• Public transport at your doorstep, only 100m* from Camberwell station
• Future Development Upside (STCA)
• Commercial 1 Zone (C1Z)
OPEN FOR INSPECTION TIMES:
14th April 2022 @ 2.00pm - 2.30pm
21st April 2022 @ 2.00pm - 2.30pm
Inspections can also be conducted on-site by Private Booking, please feel free to contact the agents below.
George Kelepouris | 0425 798 677
Theo Karkanis | 0431 391 035
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.