GormanKelly is pleased to offer 1161-1163 Burke Road, Kew for sale by Public Auction on Thursday 6th March 2014 at 12 noon.

The property comprises a standalone high exposure two level retail/office freehold of 261m2 leased to a long standing tenant. The ground floor comprises a combination of retail areas and office areas with rear kitchen area and amenities while the first floor comprises further office areas, boardroom and amenities. The current tenant occupies the whole building but separate first floor access is available if required.

The property is leased to longstanding local real estate agents Christopher Russell Real Estate and currently returns $55,081 per annum plus outgoings & GST. The current lease terms allow complete flexibility to investors, owner occupiers and developers.

The property is situated on 478m2 of Commercial 1 Zoned land with close to a 10 metre frontage to Burke Road and rear access with onsite parking for 7 vehicles. The property would be suitable for a higher density mixed use redevelopment (STCA) or an ideal location for an owner occupier to set up business and is sure to impress.

The property is prominently located on the western side of Burke Road at the intersection of Mont Albert Road within a boutique and evolving retail strip. Given the location of the property there is fantastic public transport access with trams and bus at the door and Camberwell Train Station nearby.

The property is also moments from the heart of the Burke Road retail shopping precinct and Camberwell Junction. There is also great road access with the Eastern Freeway and Monash Freeway (Citylink) both accessible via Burke Road. The property is also surrounded by a number of elite private schools and recreation facilities.