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12-16 Camberwell Road, HAWTHORN EAST VIC, 3123

Sold
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Property Sold in 12-16 Camberwell Road, HAWTHORN EAST VIC, 3123

Teska & Carson

6 Yorkshire Street, Richmond, VIC 3121

Listing ID:
11410924
Status:
Sold
Last Updated:
30/06/2021
Price:
Contact Agent

Property Type

Retail/Land/Development/Medical/Consulting

Land Area

1338 SQM

Floor Area

2420 SQM

Parking

34

SUBSTANTIAL VALUE ADD INVESTMENT WITH DEVELOPMENT UPSIDE

Teska & Carson is pleased to offer 12-16 Camberwell Road, Hawthorn East for sale by Expressions of Interest closing Thursday 24th June at 3pm.

An incredible opportunity to secure a multi tenanted three (3) level commercial building, located within the blue chip suburb of Hawthorn East.

Key investment highlights:

- Currently providing an annual income of $415,722 + GST & Outgoings.

- Potential income of $550,000 per annum + GST & Outgoings.

- Recently renewed five (5) year lease with longstanding tenant ‘Fernwood Fitness’ plus additional five (5) year option.

- Significant rent reversion opportunity with ground floor tenant ‘Pabs Furniture’ paying $128/sqm and reverting to a month to month lease from August 2021.

- 1,338sqm of valuable Commercial 1 zoned land plus multi height precedent, providing enormous upside for a range of development outcomes.

- A total building area of 2,420sqm* plus on-site parking for up to 34 cars.

- Front and rear access to the building plus additional rear loading dock via Russell Place & Auburn Grove.

- High exposure location with an expansive 24 metre frontage to Camberwell Road and nearby Burwood Road.

- Close proximity to high performing retail & food precincts Burke & Glenferrie Roads.

For further information please do not hesitate to call for further information.

*approximate

For further information please do not hesitate to call for further information.

Luke Bisset +61 400 344 211
Larry Takis +61 418 844 558

For more details, please email agent

Teska & Carson

6 Yorkshire Street, Richmond, VIC 3121

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