543 Riversdale Road,
Camberwell, VIC 3124

GormanKelly is pleased to offer 543 Riversdale Road, Camberwell for sale by Auction scheduled for Thursday 13th October at 12pm onsite.

This is a rare opportunity: providing a hassle-free, secure investment in an unbeatable prime location with an upside of development potential.

We believe the most outstanding aspects of this property include:

- Prime retail freehold with great future upside;
- Building area 101m² with 4 onsite car spaces via rear laneway;
- Securely leased to Riversdale Optical until 30th June 2020 with no further options;
- Currently returning $62,049.24 net p.a. plus outgoings;
- Suitable for Investors with future potential to develop (STCA);
- Land area 217m² / Zoned Commercial 1.

543 Riversdale Road is located on the northern side of Riversdale Road, Camberwell with the closest major intersection being that of Camberwell Junction. Riversdale Road runs in an east/west direction from Box Hill South to Richmond, which then becomes Swan Street. The property is located approximately 13km* east of the Melbourne CBD within the municipality of the Boroondara City Council.

Riversdale Road has excellent exposure to high volumes of pedestrians and traffic each day and is one of the main east-west thoroughfares in and out of Melbourne's CBD; particularly from the inner eastern suburbs.

- Located only a short walk to Camberwell Junction, the epicenter of Camberwell which includes a Woolworths, Target, The Well Shopping Centre, various cafes & national retailers plus Camberwell market at the rear.
- The Target / Woolworths complex to the rear is currently undergoing expansion to add a further 2,125m2 of retail space and additional parking.
- Trams at doorstep in Riversdale Road