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1123 Toorak Road Camberwell, VIC 3124

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1123 Toorak Road,
Camberwell, VIC 3124

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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.

Property ID: 504323072Last Updated: 11 Aug 2023

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1123 Toorak Road
Camberwell, VIC 3124

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