Three storey mixed use Camberwell freehold sold
Staff reporterDecember 7, 2020
A three storey freehold in Camberwell, Victoria has been sold for $1.72 million.
It sold at a 4.3% yield.
The property at 947 Burke Road was sold by Fitzroys agents Chris James, Jordan Ceppi and Chris Kombi.
The ground floor of the 250 sqm building is leased to Classique Nail Spa, on a new 5+5-year lease.
The upper level levels boast a three-level apartment with three bedrooms, two bathrooms and top floor open living area.
Zoned commercial 1, the property features rear laneway access from Burwood Road.
It is surrounded by retailers, eateries and corporate tenants with a number of completed high-density apartment developments nearby.