1123 Toorak Road,
Camberwell, VIC 3124
Shops & Retail
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Map of 1123 Toorak Road
PRIME SHOP & DWELLING INVESTMENT
- Potential fully let income: $52,500 pa
- New 3+3-yr lease to longstanding tenant
- Two separate tenancies
Gorman Allard Shelton is pleased to offer 1123 Toorak Road, Camberwell for private sale.
Acquire this well-presented and versatile freehold investment securely leased on the ground floor to a longstanding tenant and benefiting from separately accessed first floor spacious two-bedroom apartment.
Key property features include:
* Land area: 264 sqm (approx.)
* Potential fully let income: $52,500 per annum
* Recently renewed 3 + 3 year lease on the ground floor returning $30,416 pa + GST + outgoings (Current lease term expires 30/11/2026)
* Valuable 4% annual rental increases throughout the term
* Ground floor hairdressing salon is a longstanding tenant
* First floor tenancy is a spacious two (2) bedroom apartment, plus large lounge room/3rd bedroom
* The property provides two separate tenancies providing options for two income streams
* Wide rear ROW access with secure on-site parking available for both tenancies
Ideally located within Hartwell Shopping Centre and within close proximity to major arterial routes, Leo’s Supermarket and metres from Hartwell Train Station.
Acquire this well-presented and versatile freehold investment securely leased on the ground floor to a longstanding tenant and benefiting from separately accessed first floor spacious two-bedroom apartment.
Key property features include:
* Land area: 264 sqm (approx.)
* Potential fully let income: $52,500 per annum
* Recently renewed 3 + 3 year lease on the ground floor returning $30,416 pa + GST + outgoings (Current lease term expires 30/11/2026)
* Valuable 4% annual rental increases throughout the term
* Ground floor hairdressing salon is a longstanding tenant
* First floor tenancy is a spacious two (2) bedroom apartment, plus large lounge room/3rd bedroom
* The property provides two separate tenancies providing options for two income streams
* Wide rear ROW access with secure on-site parking available for both tenancies
Ideally located within Hartwell Shopping Centre and within close proximity to major arterial routes, Leo’s Supermarket and metres from Hartwell Train Station.
Property ID: 504323072Last Updated: 11 Aug 2023
1123 Toorak Road
Camberwell, VIC 3124
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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