85 Camberwell Road Hawthorn East VIC 3123

Savills is delighted to offer for sale this brand new, high performing asset at 85 Camberwell Road, situated in a prime position in the heart of Hawthorn East, surrounded by an abundance of retail and lifestyle amenity.

This magnificent three-level serviced apartment building comprises 18 large apartments, ground floor retail shops and an office, together with onsite parking, all of which is fully leased to two tenants. This prime property is ideally positioned within the blue chip suburb of Hawthorn East, just 7km* from Melbourne's CBD.

The key attributes of the property include:

- Recently completed 3-level serviced apartment and retail building
- Comprises 18 serviced apartments, 1 office and 2 retail shops
- New 15 year lease to Camberwell Serviced Apartments
- Total Net Lettable Area of 1,523sq m* (average apartment size of 70sq m*)
- Current Net Passing Income: $705,356 per annum*
- Brand new building with strong depreciation benefits
- Favourable corner position maximising natural light and amenity
- Strong occupancy attributed to a host of lifestyle amenity including Swinburne University, University of Melbourne, prime retail and public transport

The opportunity to secure such a high calibre investment is extremely rare, especially when you consider the long lease to a highly successful business, within one of Melbourne's blue chip eastern suburbs. Accordingly we encourage prospective purchasers to actively consider this excellent opportunity.

85 Camberwell Road, Hawthorn East is For Sale by Expressions of Interest closing Wednesday 15 March at 2pm.

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

*Approx.