760-764 Riversdale Road, Camberwell, VIC, 3124

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 - LAST ONE REMAINING

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

+61 411 601 730

nbreheny@gormankelly.com.au

RICHARD MUNDAY

+61 408 407 603

rmunday@gormankelly.com.au

Remember to mention you found this property on CommercialReady