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12-16 Camberwell Road Hawthorn East VIC 3123

  • Shop & Retail
  • 2,420 m²
  • Expressions of Interest

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

    EXPRESSION OF INTEREST

    Closing date and time24/06/2021 15:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent
    Luke Bisset
    Teska & Carson
    Luke Bisset
    Teska & Carson
    Larry Takis
    Teska & Carson
    Larry Takis
    Teska & Carson

    Property Highlights

    Property ID2017007675
    Floor Area2,420 m²
    Land Area1,338 m²
    Parking34 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  16 Jun 2021
    Map for 12-16 Camberwell Road Hawthorn East VIC 3123
    Map for 12-16 Camberwell Road Hawthorn East VIC 312312-16 Camberwell Road Hawthorn East VIC 3123
    Luke Bisset
    Teska & Carson
    Luke Bisset
    Teska & Carson
    Larry Takis
    Teska & Carson
    Larry Takis
    Teska & Carson

    Property Highlights

    Property ID2017007675
    Floor Area2,420 m²
    Land Area1,338 m²
    Parking34 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  16 Jun 2021
    Teska & Carson
    6 Yorkshire Street Richmond VIC 3121
    Luke Bisset
    Teska & Carson
    Luke Bisset
    Teska & Carson
    Larry Takis
    Teska & Carson
    Larry Takis
    Teska & Carson
    Luke Bisset

    Luke Bisset

    Teska & Carson

    Larry Takis

    Larry Takis

    Teska & Carson

    0400 *** ***
    0400 344 211

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