402-410 Burke Road,
Camberwell, VIC 3124

GormanKelly is pleased to offer 402-410 Burke Road, Camberwell for sale via auction on Thursday 14th May at 2pm.

Offered for sale are five individual retail shops to be sold "in one line" comprising a fantastic and rare opportunity to secure a prime redevelopment opportunity or a great investment to land bank and reap the benefits in the future. The site is 1,361m2 approx./Commercial 1 Zone and features a 28.9 metre approx. frontage to Burke Road with the added benefit of side and rear laneway access.

The buildings onsite comprise a number of tenancies leased to a mix of retail users including Australia Post, Giltwood Antiques and Brand Society plus a first floor renovated apartment. Currently one tenancy is vacant.

There is ample rear onsite car parking for the tenants plus two separate warehouse style buildings which are both leased. The projected fully leased net annual income is $202,254 per annum plus outgoings & GST (approx.) with flexible lease terms in place.

402-410 Burke Road, Camberwell is located on the eastern side of Burke Road near the corner of Toorak Road and is located approximately 11km* south-east of the Melbourne CBD. The property is situated within a well established retail and residential precinct with high passing traffic and exposure.

Tram services operate outside the property and the property is also located within close proximity to train services. The property is located metres from the new Epworth Hospital facility and in close proximity to Tooronga Village Shopping Centre and the Monash Freeway/Citylink via Burke Road.

Nearby there is also a residential development under construction on Burke Road over 4 levels comprising 50 apartments with ground floor retail.

For further information or to request sale documentation or an inspection please contact the exclusive selling agents GormanKelly – David Minton 0422 987 749 or Robert Kelly 0418 655 2...