Shop and home in Melbourne’s Camberwell fetches $1.3 million at auction
Staff ReporterDecember 7, 2020
A retail and residential property at Camberwell in Melbourne’s inner east has sold for $1.31 million at auction.
The 539 Burke Road property sold well over the vendor’s reserve, said selling agents Fergus Evans and Adrian Boutsakis of Teska Carson.
“This was a property located in a tightly held strip with a low vacancy rate in an area with strong growth potential,” said Evans.
An owner-occupier bought the property with vacant possession.
The property comprises a solid brick, two-level shop and dwelling of 221 sqm on a 232 square metre site with frontage to Burke Road and rear laneway access.