CAMBERWELL

760-764 Riversdale Road, CAMBERWELL VIC 3124

PRIME RETAIL INVESTMENTS WITH FUTURE DEVELOPMENT UPSIDE

GormanKelly is pleased to present for sale 760, 762 and 764 Riversdale Road for sale via Expressions of Interest closing Thursday 18th April 2024 at 2pm. These properties are available individually or combined.

760 RIVERSDALE

Two level retail freehold with first floor office
GROUND floor area of 130sq*
Returning $38,192.40 net per annum + GST
LEVEL 1 floor area of 113sqm*
Vacant possession
Potential rental of $27,000 net per annum + GST

762 RIVERSDALE

Single level retail premises of 139sqm*
Returning $44,801.88 net per annum + GST

764 RIVERSDALE

Single level retail premises of 119sqm*
Returning $41,199.96 net per annum + GST

Overall summary features:

✓ Combined Commercial 1 landholding of 920sqm*
✓ Substantial holding income of $124,194.24 net per annum plus the potential for an additional $27,000
✓ High exposure with 16.75m* frontage to Riversdale Road, offering future 11 metre height development potential (STCA).
✓ Premium Inner East location
✓ Fully leased except Level 1 at 760 Riversdale Road
✓ Well-connected by public transport, with the #70 tram on Riversdale Road and 800m from Riversdale Train Station
✓ Surrounded by various established businesses including Woolworths, Coles Supermarkets, Petbarn, Liquorland, Cartridge World, Reece Plumbing, Australia Post and many more.
✓ Excellent Council & Woolworths car park bordering the property
✓ Each property represents an excellent investment opportunity with further potential or one can acquire all three and secure an exciting landbank opportunity with a steady income in the meantime

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

NICK BREHENY
+61 411 601 730
nbreheny@gormankelly.com.au

RICHARD MUNDAY
+61 408 407 603
rmunday@gormankelly.com.au