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
