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1111 Toorak Road
Camberwell VIC 3124
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Sold on 19 Sep 2023

1111 Toorak Road Camberwell VIC 3124

  • Shop & Retail
  • 423 m²
  • Sold

High Exposure Freehold with Huge Development Upside

    Burgess Rawson is pleased to offer to the market 1111 Toorak Road, Camberwell VIC for sale via our Portfolio Auction Campaign 163.

    This opportunity has the following key highlights:

    + Prime 475sqm* freehold site with important ROW access.
    + Huge 18 metre* frontage and exposure to Toorak Road and Camberwell Road.
    + High profile position at corner of Toorak Road and Camberwell Road with 37,680 VPD.**
    + Significant development upside up to 3 levels (STCA) with precedent nearby.
    + Premium Commercial 1 Zoning (C1Z) allowing for ultimate flexibility.
    + Well-presented 423sqm* showroom incorporating offices and mezzanine.
    + Important on-title car parking accessed via ROW off George Street and Collings Street.
    + Ideal position fronting high foot traffic pedestrian crossing and metres from tram stop.
    + Suits developers, owner occupiers and investors.
    + House of Recliners currently in occupation on short lease with options to May 2026.
    + Current gross rental well below market at $96 per/sqm, providing huge future rental uplift.
    + Camberwell: affluent inner east metro suburb with $2,632,500 median house price. ***
    + Current Net Income: $33,443pa* + GST
    + Potential at Market Rent: $150,000pa* + GST ($350 per/sqm)

    To be sold via Portfolio Auction 163
    10:30am AEST, Wednesday 13 September 2023
    Crown Casino, Melbourne.

    *Approx
    **GapMaps
    ******

    AUCTION

    Auction date and time13/09/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold19 Sep 2023
    Floor Area423 m²
    Land Area505 m²
    ParkingAsk Agent
    Property ID2018728678
    Category
    Last updated  14 Sep 2023
    Map for 1111 Toorak Road Camberwell VIC 3124
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold19 Sep 2023
    Floor Area423 m²
    Land Area505 m²
    ParkingAsk Agent
    Property ID2018728678
    Category
    Last updated  14 Sep 2023

    Co-Agents

    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Burgess Rawson VIC Pty Ltd
    Call
    0417 308 067

    More about 1111 Toorak Road Camberwell VIC 3124

    1111 Toorak Road Camberwell VIC 3124 is categorized as Shop & Retail Property. It has a floor area of 423 m² and a land area of 505 m². The listing ID for this property is 2018728678.

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