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12-16 Camberwell Road, Hawthorn East, VIC, 3123

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12-16 Camberwell Road, Hawthorn East, VIC, 3123
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12-16 Camberwell Road, Hawthorn East, VIC, 3123

12-16 Camberwell Road, Hawthorn East, VIC, 3123

Properties / Sold / Victoria / Hawthorn East
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
1,338 m² (*approx)
Selling Method
EOI: Closing Thursday 24th June at 3pm
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2. Property Highlights

SUBSTANTIAL VALUE ADD INVESTMENT WITH DEVELOPMENT UPSIDE
  • Multi tenanted Inner East asset
  • Significant rent reversion opportunity
  • Potential income $550,000 + pa net

Teska & Carson is pleased to offer 12-16 Camberwell Road, Hawthorn East for sale by Expressions of Interest closing Thursday 10th June at 3pm.

An incredible opportunity to secure a multi tenanted three (3) level commercial building, located within the blue chip suburb of Hawthorn East.

Key investment highlights:

- Currently providing an annual income of $415,722 + GST & Outgoings.

- Potential income of $550,000 per annum + GST & Outgoings.

- Recently renewed five (5) year lease with longstanding tenant ‘Fernwood Fitness’ plus additional five (5) year option.

- Significant rent reversion opportunity with ground floor tenant ‘Pabs Furniture’ paying $128/sqm on a month to month basis.

- 1,338sqm of valuable Commercial 1 zoned land plus multi height precedent, providing enormous upside for a range of development outcomes.

- A total building area of 2,420sqm* plus on-site parking for up to 34 cars.

- Front and rear access to the building plus additional rear loading dock via Russell Place & Auburn Grove.

- High exposure location with an expansive 24 metre frontage to Camberwell Road and nearby Burwood Road.

- Close proximity to high performing retail & food precincts Burke & Glenferrie Roads.

For further information please do not hesitate to call for further information.

*approximate

For further information please do not hesitate to call for further information.

Luke Bisset +61 400 344 211
Larry Takis +61 418 844 558

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial
Land Area
1,338 m² (*approx)
Selling method
EOI: Closing Thursday 24th June at 3pm

2. Property Highlights

SUBSTANTIAL VALUE ADD INVESTMENT WITH DEVELOPMENT UPSIDE
  • Multi tenanted Inner East asset
  • Significant rent reversion opportunity
  • Potential income $550,000 + pa net

Teska & Carson is pleased to offer 12-16 Camberwell Road, Hawthorn East for sale by Expressions of Interest closing Thursday 10th June at 3pm.

An incredible opportunity to secure a multi tenanted three (3) level commercial building, located within the blue chip suburb of Hawthorn East.

Key investment highlights:

- Currently providing an annual income of $415,722 + GST & Outgoings.

- Potential income of $550,000 per annum + GST & Outgoings.

- Recently renewed five (5) year lease with longstanding tenant ‘Fernwood Fitness’ plus additional five (5) year option.

- Significant rent reversion opportunity with ground floor tenant ‘Pabs Furniture’ paying $128/sqm on a month to month basis.

- 1,338sqm of valuable Commercial 1 zoned land plus multi height precedent, providing enormous upside for a range of development outcomes.

- A total building area of 2,420sqm* plus on-site parking for up to 34 cars.

- Front and rear access to the building plus additional rear loading dock via Russell Place & Auburn Grove.

- High exposure location with an expansive 24 metre frontage to Camberwell Road and nearby Burwood Road.

- Close proximity to high performing retail & food precincts Burke & Glenferrie Roads.

For further information please do not hesitate to call for further information.

*approximate

For further information please do not hesitate to call for further information.

Luke Bisset +61 400 344 211
Larry Takis +61 418 844 558

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential
Luke Bisset
Luke Bisset
+61 *** *** *** show +61 400 344 211
Larry Takis
Larry Takis
+61 *** *** *** show +61 418 844 558

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3. Property Location

12-16 Camberwell Road, Hawthorn East, VIC, 3123

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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12-16 Camberwell Road, Hawthorn East, VIC, 3123 Hawthorn East
Teska Carson Pty Ltd - Richmond
Teska Carson Pty Ltd - Richmond
6 Yorkshire Street, Cremorne
Luke Bisset
Luke Bisset
+61 *** *** *** show +61 400 344 211
Larry Takis
Larry Takis
+61 *** *** *** show +61 418 844 558