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Overview
CIRCA 6% RETURN ON BURKE ROAD
This exceptional retail showroom located at 658 Burke Road, Camberwell, presents a unique opportunity for investors seeking a substantial retail investment in one of Melbourne's premier retail strips. The property boasts dual street frontages, providing excellent exposure and accessibility from both Burke Road and Market Place, which is adjacent to a council carpark.
The site area measures 270 square meters, complemented by a building size of 300 square meters, offering ample space for retail operations. The property is currently leased to a long-standing tenant who has been trading successfully for over 25 years, ensuring a stable and reliable income stream.
Key investment highlights include:
- Site area of 270 square meters
- Building area of 300 square meters
- Highly desirable dual retail frontages to Burke Road and Market Place
- Net income of $170,135 per annum
- Proximity to major retailers such as Woolworths, Aldi, and Kmart located to the rear of the property
The location is surrounded by a diverse mix of international and national tenants, including all major supermarkets, JB Hi-Fi, and Mecca Cosmetics, among others. This vibrant retail environment contributes to the property's strong appeal and potential for continued success.
Investors will appreciate the property's strategic positioning within a bustling retail precinct, benefiting from high foot traffic and excellent visibility. The dual frontage enhances the property's versatility and attractiveness to a wide range of retail businesses.
Overall, 658 Burke Road offers a rare chance to acquire a well-established retail investment with a proven tenant and significant income potential in a sought-after location. This property is ideal for investors looking to secure a stable asset within Melbourne's competitive retail market.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Camberwell VIC 3124
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 300 m² |
Market Insights for Camberwell VIC 3124
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