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SOLD

1111 Toorak Road, Camberwell, VIC 3124

Properties / Sold / Victoria / Camberwell

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Retail/Shopping Centre

Land Area

505 m² (*approx)

Zoning

Commercial 1 Zoning (C1Z)

Selling Method

For Sale: Price on Request

Auction Date

13 Sep 2023 10:30AM

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2. Property Highlights

High Exposure Freehold with Huge Development Upside

High profile 475sqm* site, ROW access
423sqm* showroom, on-title parking
Development upside, 3 levels (STCA)

Burgess Rawson is pleased to offer to the market 1111 Toorak Road, Camberwell VIC for sale via our Portfolio Auction Campaign 163.

This opportunity has the following key highlights:

+ Prime 475sqm* freehold site with important ROW access.

+ Huge 18 metre* frontage and exposure to Toorak Road and Camberwell Road.

+ High profile position at corner of Toorak Road and Camberwell Road with 37,680 VPD.**

+ Significant development upside up to 3 levels (STCA) with precedent nearby.

+ Premium Commercial 1 Zoning (C1Z) allowing for ultimate flexibility.

+ Well-presented 423sqm* showroom incorporating offices and mezzanine.

+ Important on-title car parking accessed via ROW off George Street and Collings Street.

+ Ideal position fronting high foot traffic pedestrian crossing and metres from tram stop.

+ Suits developers, owner occupiers and investors.

+ House of Recliners currently in occupation on short lease with options to May 2026.

+ Current gross rental well below market at $96 per/sqm, providing huge future rental uplift.

+ Camberwell: affluent inner east metro suburb with $2,632,500 median house price. ***

+ Current Net Income: $33,443pa* + GST

+ Potential at Market Rent: $150,000pa* + GST ($350 per/sqm)

To be sold via Portfolio Auction 163

10:30am AEST, Wednesday 13 September 2023

Crown Casino, Melbourne.

*Approx

**GapMaps

***Realestate.com.au

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Commercial

Sub-type

Retail/Shopping Centre

Land Area

505 m² (*approx)

Zoning

Sourced by DistrictData

Commercial 1 Zoning (C1Z)

Selling method

For Sale: Price on Request

Auction Date

13 Sep 2023 10:30AM

Add to calendar

2. Property Highlights

High Exposure Freehold with Huge Development Upside

High profile 475sqm* site, ROW access
423sqm* showroom, on-title parking
Development upside, 3 levels (STCA)

Burgess Rawson is pleased to offer to the market 1111 Toorak Road, Camberwell VIC for sale via our Portfolio Auction Campaign 163.

This opportunity has the following key highlights:

+ Prime 475sqm* freehold site with important ROW access.

+ Huge 18 metre* frontage and exposure to Toorak Road and Camberwell Road.

+ High profile position at corner of Toorak Road and Camberwell Road with 37,680 VPD.**

+ Significant development upside up to 3 levels (STCA) with precedent nearby.

+ Premium Commercial 1 Zoning (C1Z) allowing for ultimate flexibility.

+ Well-presented 423sqm* showroom incorporating offices and mezzanine.

+ Important on-title car parking accessed via ROW off George Street and Collings Street.

+ Ideal position fronting high foot traffic pedestrian crossing and metres from tram stop.

+ Suits developers, owner occupiers and investors.

+ House of Recliners currently in occupation on short lease with options to May 2026.

+ Current gross rental well below market at $96 per/sqm, providing huge future rental uplift.

+ Camberwell: affluent inner east metro suburb with $2,632,500 median house price. ***

+ Current Net Income: $33,443pa* + GST

+ Potential at Market Rent: $150,000pa* + GST ($350 per/sqm)

To be sold via Portfolio Auction 163

10:30am AEST, Wednesday 13 September 2023

Crown Casino, Melbourne.

*Approx

**GapMaps

***Realestate.com.au

Remember to mention you found this property on DevelopmentReady

1111 Toorak Road, Camberwell, VIC 3124 Camberwell

Burgess Rawson

Level 20, 150 Lonsdale Street, Melbourne VIC 3000

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Beau Coulter

+61 *** *** *** show +61 413 839 898

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Residential

Commercial

Child/Healthcare

Industrial

Agriculture/Rural

Mixed Use

1111 Toorak Road, Camberwell, VIC 3124