This land-rich opportunity positioned in the prime section of Camberwell Junction provides immense opportunity to unlock value through value-add investment, owner occupation and redevelopment (STCA).
Key investment considerations include:
+ Freehold land of 430 sq m* with wide 12.85 metre* frontage Burke Road and rear access via multiple rights-of-way.
+ The land is only partially improved by a two-storey building comprised of two retail tenancies and a first floor tenancy.
+ Located in the prime section of Burke Road Camberwell, opposite Country Road, Witchery, Sportscraft and Minimax and approximately 35 metres from the junction of Burke Road, Camberwell Road and Riversdale Road.
+ Burke Road is one of Melbourne’s strongest and most consistently performing retail strips benefitting from its strategic position within Melbourne’s affluent and established eastern suburbs attracting shoppers from surrounding suburbs of Kew, Deepdene, Balwyn, Mont Albert, Canterbury, Surrey Hills, Ashburton and Hawthorn.
+ The strip is anchored by Woolworths, Coles, Kmart and Aldi and in addition provides a strong mix of high value specialty retailers spanning fashion, cosmetics, premium groceries, restaurants, cafes and health & wellness.
+ The location is further enhanced by Camberwell Railway Station and an abundance of at-grade convenient shopper car parking.
+ With current holding income, the property provides opportunity for value-add investment, owner occupation and redevelopment (STCA).
731-733 Burke Road Camberwell is being offering for sale by Public Auction on Thursday 17th August at 12:30pm on site.
For further information, contact the exclusive agents.