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12-16 Camberwell Road
Hawthorn East VIC 3123
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Sold on 29 Jun 2021

12-16 Camberwell Road Hawthorn East VIC 3123

  • Shop & Retail
  • 2,420 m²
  • Sold

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
Teska & Carson
Teska & Carson
6 Yorkshire Street
Richmond, VIC 3121

Property Highlights

Date Sold29 Jun 2021
Floor Area2,420 m²
Land Area1,338 m²
Parking34 x Onsite parkings
Property ID2017007675
Category
Last updated  27 Aug 2021
Map for 12-16 Camberwell Road Hawthorn East VIC 3123

Nearest transport* to 12-16 Camberwell Road Hawthorn East VIC 3123

Bus
Train
Tram
Auburn Gr/Auburn Rd (Hawthorn East)371 m
Oxley Rd/Auburn Rd (Hawthorn)374 m
Auburn Station/Auburn Rd (Hawthorn)411 m
Auburn Railway Station/Auburn Rd (Hawthorn East)418 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Teska & Carson
Teska & Carson
6 Yorkshire Street
Richmond, VIC 3121

Property Highlights

Date Sold29 Jun 2021
Floor Area2,420 m²
Land Area1,338 m²
Parking34 x Onsite parkings
Property ID2017007675
Category
Last updated  27 Aug 2021

Co-Agents

Luke Bisset
Luke Bisset
Teska & Carson
Call
0400 344 211
Larry Takis
Larry Takis
Teska & Carson
Call
0418 844 558

More about 12-16 Camberwell Road Hawthorn East VIC 3123

12-16 Camberwell Road Hawthorn East VIC 3123 is categorized as Shop & Retail Property. It has a floor area of 2,420 m² and a land area of 1,338 m². There are 34 x onsite parkings.The listing ID for this property is 2017007675.

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