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GormanKelly - Hawthorn

760-764 Riversdale Road Camberwell, VIC 3124

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760-764 Riversdale Road,
Camberwell, VIC 3124

Shops & Retail • Offices • Development Sites & Land

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Sold

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Key property information

Land area

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GormanKelly - Hawthorn
Richard Munday
Nick Breheny

GormanKelly - Hawthorn

1 Oxley Road
HAWTHORN, VIC 3122
GormanKelly - Hawthorn
760-764 Riversdale Road
Camberwell, VIC 3124

Map of 760-764 Riversdale Road

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PRIME RETAIL INVESTMENTS WITH FUTURE DEVELOPMENT UPSIDE

  • 764 - last one remaining
  • Substantial holding income
  • Invest with future development potential
GormanKelly is pleased to present for sale 760 (SOLD), 762 (SOLD) and 764 Riversdale Road, Camberwell FOR SALE.

760 RIVERSDALE - SOLD

Two level retail freehold with first floor office
GROUND floor area of 130sq*
Returning $38,192.40 net per annum + GST
LEVEL 1 floor area of 113sqm*
Vacant possession
Potential rental of $27,000 net per annum + GST

762 RIVERSDALE - SOLD

Single level retail premises of 139sqm*
Returning $44,801.88 net per annum + GST

764 RIVERSDALE - SOLD

Single level retail premises of 119sqm*
Returning $41,199.96 net per annum + GST

Overall summary features:

✓ Combined Commercial 1 landholding of 920sqm*
✓ Substantial holding income of $124,194.24 net per annum plus the potential for an additional $27,000
✓ High exposure with 16.75m* frontage to Riversdale Road, offering future 11 metre height development potential (STCA).
✓ Premium Inner East location
✓ Fully leased except Level 1 at 760 Riversdale Road
✓ Well-connected by public transport, with the #70 tram on Riversdale Road and 800m from Riversdale Train Station
✓ Surrounded by various established businesses including Woolworths, Coles Supermarkets, Petbarn, Liquorland, Cartridge World, Reece Plumbing, Australia Post and many more.
✓ Excellent Council & Woolworths car park bordering the property
✓ Each property represents an excellent investment opportunity with further potential or one can acquire all three and secure an exciting landbank opportunity with a steady income in the meantime

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

NICK BREHENY
+61 411 601 7...
nbreheny@gormankelly.com.au

RICHARD MUNDAY
+61 408 407 6...
rmunday@gormankelly.com.au

Property ID: 504542596Last Updated: 30 Oct 2024

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