Generational Corner Landholding With Substantial Upside
800-802 Burke Road, Camberwell VIC
Property Highlights
Description
Landmark 1,633sqm corner site with combined street and ROW frontage of 125 metres.
Current 5 year lease direct to Shell/Viva Energy to March 2021 plus one further option to 2026.
Rare Triple Net Ground Lease Structure; Shell/Viva Energy are responsible for all outgoings (including Single Holding Land Tax), structural repairs, maintenance and removal of all above and below ground improvements.
Site Clean Up: Shell/Viva Energy are responsible for remediation to the lands highest and best use.
General Residential Zone supporting multi-level development (STCA).
Minimum 3% annual rent increases.
Gateway to the tightly held Camberwell Junction, one of Melbourne’s premier suburban retail strips.
High volumes of passing traffic with 20,000+ vehicles passing daily.
Camberwell: The highest residential population growth forecast of all suburbs within the City of Boroondara by 2041 (+20%).
Net Rent: $133,780 pa (paid quarterly in advance).
For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September
Property Details