Camberwell Junction heritage bank restaurant premises listed for auction

Camberwell Junction heritage bank restaurant premises listed for auction
Alistair WalshAugust 12, 2013

A heritage listed former bank on Melbourne’s Camberwell Junction has been listed for auction with a newly signed 10 year lease.

The 1885-built church-like structure is the former English, Scottish and Australian Bank and current Hawthorn East premises of the 80-seat Meat & Wine Co restaurant.

It currently earns $166,956 per year with fixed 4% annual rental growth.

The brick building is somewhat awkwardly wedged in to the newly built Aerial residential development, retained as a concession to the rich heritage of the area.

It was the subject of a $500,000 renewal in 2009 during the construction of Aerial.

In 2007 planning minister Justin Madden intervened in the VCAT case surrounding the $150 million development to push it through following strong community opposition though it still suffered from construction delays.

It was designed in the picturesque Gothic style by architects William Wardell and W L Vernon. Wardell was responsible for a number of buildings around Melbourne.

According to Heritage Victoria the branch was responsible for facilitating much of the suburban building boom in the area after the extension of the railway line from Hawthorn in 1882.

The sale includes nine secure car parks.

The Aerial development, by Queensland developer FKP, has 144 apartments and nine shops.

It goes to auction on Friday 23 August through Savills agents Nick Peden and Clinton Baxter.

It is expected to sell in the high $2 million range. 

Alistair Walsh

Deutsche Welle online reporter

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