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Absolute Prime Retail Freehold With Enormous Upside

652 Burke Road, CAMBERWELL VIC, 3124

For Sale

Property for Sale in 652 Burke Road, CAMBERWELL VIC, 3124

Listing ID:
11368297
Status:
Active
For:
Sale
Last Updated:
17/12/2019
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Property Type

Retail/Land/Development/Other
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Land Area

348 SQM
Icon size

Floor Area

125 SQM
Icon parking

Parking

N/A

Absolute Prime Retail Freehold With Enormous Upside

Savills is delighted to offer for sale this absolute prime retail freehold at 652 Burke Road, Camberwell. The property represents a truly rare opportunity to secure a premium retail freehold situated in the prime Burke Road retail strip with significant upside and value add potential.

Key attributes of this outstanding opportunity include:
• Prestigious Burke Road Freehold
• Significant landholding of 348sq m*
• Single level retail freehold of 125sq m*
• Two prominent retail frontages to blue-chip Burke Road and Market Place at the rear
• Current rental of $136,570 per annum*
• Long standing tenant
• One of the last remaining underdeveloped dual fronted Burke Road properties
• Commercial 1 Zoning
• Rare vacant rear portion fronting Market Place and Woolworths carpark offering significant development potential
• Exceptional opportunity to invest, occupy or develop in one of Melbourne’s most sought after retail strips surrounded by international and national retailers
*Approx.

For Private Sale

Savills Agents:
Nick Peden: 0402 011 266
Mark Stafford: 0404 401 053
Benson Zhou: 0458 488 888

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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