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
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