Office

240 Camberwell Road, Camberwell

240 Camberwell Road Camberwell, VIC Australia 3124
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2000
Building Area Gross
Land Area Gross ()
Rentable Area
Number of units 1
Occupancy 100.0 %

Asset Description

JLL Melbourne has the exclusive privilege of offering for sale this truly unique retail freehold positioned on one of Melbourne’s most high-profile corners in the Camberwell Junction.


Key details of 240 Camberwell Road (Corner Burke & Riversdale Roads) include:


+Dominant retail freehold positioned on a premier corner in the Camberwell Junction


+ Ultra high profile location with frontages to Camberwell, Riversdale and Burke Roads totalling 84 metres*, with 50,000* vehicles passing daily**


+ Leased to longstanding retailer, ‘Sight + Sound Galleria’, with options until 2031


+Current income of $260,813 per annum* + GST and Outgoings


+ Fixed annual rental growth of 3.0% per annum


+ Secure at-grade carparking for 5 vehicles accessible via Burke Road


+ Surrounded by national retailers including Country Road, Witchery, Minimax, Boost Juice, Chemist Warehouse as well as the highly popular Camberwell Market and major supermarkets Woolworths, Coles and Aldi


+ Convenient access to nearby tram networks on Riversdale, Camberwell and Burke Roads as well as nearby Camberwell Train Station


+ Camberwell is one of Melbourne’s most established and lucrative suburbs, boasting a median house price of $2,615,000^, 2.42 times higher than Metropolitan Melbourne


*Approx.

** Vicroads

^ Realestate.com.au 


240 Camberwell Road, Camberwell is For Sale by Public Auction Friday 2 December 2022 at 2.30pm on-site (AEDT).

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL Melbourne.

 

AGENTS:

Tim Carr | 0415 767 915

Jarrod Herscu | 0418 155 062

Josh Rutman | 0411 27 37 46


JLL Asia Markets:

中文普通话咨询物业详情,请联系Mingxuan Li李名轩。 手机: 0498 688 998, 电子邮件: Mingxuan.Li@ap.jll.com, 或微信WeChat ID: Mingxuanli777

Investment Highlights

·      High Profile Camberwell Junction Location

·      Unprecedented retail frontage of over 84m*

·      Longstanding Tenant with Options to 2031

Last Updated Date: 04 Nov 2022

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Last Updated Date: 04 Nov 2022

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