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  5. Generational Corner Landholding With Substantial Upside

800-802 Burke Road, CAMBERWELL VIC, 3124

Sold
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Property Sold in 800-802 Burke Road, CAMBERWELL VIC, 3124

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11392192
Status:
Sold
Last Updated:
14/10/2020
Price:
Price on Request
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Property Type

Retail/Land/Development/Medical/Consulting
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Land Area

1633 SQM
Icon size

Floor Area

320 SQM
Icon parking

Parking

N/A

Generational Corner Landholding With Substantial Upside

Landmark 1,633sqm corner site with combined street and ROW frontage of 125 metres.
Current 5 year lease direct to Shell/Viva Energy to March 2021 plus one further option to 2026.
Rare Triple Net Ground Lease Structure; Shell/Viva Energy are responsible for all outgoings (including Single Holding Land Tax), structural repairs, maintenance and removal of all above and below ground improvements.
Site Clean Up: Shell/Viva Energy are responsible for remediation to the lands highest and best use.
General Residential Zone supporting multi-level development (STCA).
Minimum 3% annual rent increases.
Gateway to the tightly held Camberwell Junction, one of Melbourne’s premier suburban retail strips.
High volumes of passing traffic with 20,000+ vehicles passing daily.
Camberwell: The highest residential population growth forecast of all suburbs within the City of Boroondara by 2041 (+20%).
Net Rent: $133,780 pa (paid quarterly in advance).

For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September

For more details, please email agent


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Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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