Camberwell retail property sells for $6 million through Savills

Camberwell retail property sells for $6 million through Savills
Camberwell retail property sells for $6 million through Savills

A fully leased retail building within the Burke Road retail precinct in Melbourne’s Camberwell has recently sold for $6,008,000 through Savills.

The property at 596 Burke Road has been completely refurbished.

It has two retail shops totalling 275 sqm on one title.

It is leased to T2, a wholly owned subsidiary of Unilever Ltd, and Montebello Emporium.

The property has a landholding of 273 sqm with two street frontages.

It earns a current net rental of $307,087 per annum. The yield is estimated at around 5.1 percent.

The selling agents were Nick Peden, Jesse Radisich and Benson Zhou of Savills.

Camberwell retail property sells for  million through Savills

Tags: 
Commercial Property Camberwell

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