CAMBERWELL
A STATEMENT BUILDING WITH ENDLESS OPTIONS
$208,000 pa* POTENTIAL FULLY LEASED INCOME OF ONE PROPERTY. THREE TENANCIES. ENDLESS OPPORTUNITY. $ 780-782
780-782 Burke Road, Camberwell is a distinguished freehold blending classic character with modern versatility. The property comprises a prominent two (2) storey building fronting Burke Road, complemented by a refurbished three (3) bedroom residence and a self-contained one (1) bedroom studio at the rear. Thoughtfully presented throughout, it offers broad appeal to occupiers, investors and developers seeking a flexible and well-located asset in one of Melbourne’s most established inner-eastern suburbs.
Expressions of Interest closing Thursday 20 November at 3pm
ZONING Commercial 1
TERMS OF SALE
10% deposit with the balance payable in 60-90 days
THE OPPORTUNITY
THE PROPERTY COMPRISES A SUBSTANTIAL CORNER BUILDING SHOWCASING A STRIKING VICTORIAN FAÇADE WITH PROMINENT FRONTAGE TO BURKE ROAD.
Originally constructed as a Bank Building comprising front of house bank, the bankers residence and horse stables. Today it has been beautifully transformed to blend period character with contemporary functionality and design.
FUTURE USES COMPRISE:
MEDICAL / ALLIED HEALTH
OFFICE / PROFESSIONAL SERVICES
HOSPITALITY / FOOD & BEVERAGE
RETAIL / SHOWROOM
WELLNESS / FITNESS
RESIDENTIAL / ACCOMMODATION
780-782 BURKE ROAD, CAMBERWELL
Offered with vacant possession at settlement.
Currently utilised as a contemporary gym and wellness facility combining heritage character with modern design. The ground floor features open-plan training areas, treatment rooms and reception, while the upper level provides additional office and consultation space. Exposed brickwork, high ceilings and polished finishes create a professional yet inviting environment. The space presents exceptionally well and is ideally suited to ongoing health, fitness or allied wellness use, or alternative commercial applications.
Building area: 371.5m2*
780A & 780B BURKE ROAD, CAMBERWELL
At the rear of the property are two (2) well-presented residences, each with a separate entrance.
780A Burke Road comprises a refurbished three (3) bedroom home featuring spacious living and dining areas, a modern kitchen, updated bathroom and period detailing throughout.
780B Burke Road is a self-contained one (1) bedroom studio offering open-plan living with contemporary finishes and private amenities.
Both dwellings have been thoughtfully upgraded to provide comfortable, modern accommodation with strong appeal for residential leasing or short-stay use. Currently the residences are being rented through AirBNB on a daily/weekly/ monthly basis.
Building area: 146m2*
DOUBLE THE OPPORTUNITY IN CAMBERWELL
INVESTOR
The following summary provides an overview of the property’s existing income and projected potential once fully leased, reflecting both the commercial and residential components of the holding.
Purchased in 2017 the property has been transformed both internally and externally to provide a consistent income producing asset. The combination of both residential and commercial markets gives you ultimate diversification.
OWNER OCCUPIER
Given the current lease flexibility there is a real opportunity for owner occupiers to establish themselves in part or whole of the building. The three (3) tenancies can be kept individual or combined for a commanding Camberwell headquarters.
Whether you are looking to occupy one (1), two (2) or three (3) of these spaces, or organically grow from one (1) space into the whole building, 780A-782B provides unrivalled opportunity to give you and your business a stronghold in one of Melbourne's premier suburbs.
HEALTH
MEDIAN HOUSE PRICE: $2,600,000
CAMBERWELL
Camberwell is one of Melbourne’s most established and sought-after suburbs, located approximately nine (9)* kilometres east of the CBD.
The Burke Road retail and commercial strip is regarded as the heart of the precinct, supported by a strong mix of national retailers, specialty stores, dining venues and entertainment operators including The Well Shopping Centre and Rivoli Cinemas.
The area is underpinned by excellent public transport, with Camberwell Train Station and multiple tram services providing direct connections to the city and surrounding suburbs. A well-established residential catchment characterised by high household incomes and long-term stability continues to support both retail and commercial activity in the area. With its strong demographic base and enduring appeal, Camberwell remains one of Melbourne’s most resilient and tightly held inner-eastern locations.
THE BEATING HEART OF MELBOURNE’S EAST
ESTABLISHED, AFFLUENT AND EXCEPTIONALLY CONNECTED
FLOORPLAN
TOTAL BUILDING AREA: 518m2*
WHAT, WHEN & HOW?
Expressions of Interests closing Thursday 20 November at 3pm
Terms: 10% deposit with the balance payable in 60-90 days
Payment of Deposit:
Macquarie Direct Debit Pay via secure portal link
DISCLAIMER
“Materials” refers to any and all, statements, documents, data, statistics, measurements, estimates, figures, calculations, images, projections, approximates or other representations, whether explicit or implicit, provided or published by Aston Commercial Pty Ltd, its employees or agents (Aston Commercial). The Materials constitute general information and are provided for the recipient’s exclusive and confidential use to assist with inquiries in relation to property or land. The Materials in no way constitute advice, an offer, or a contract and should not be relied upon in any way in entering a contract or agreement. Aston Commercial makes no representations and assumes no liability as to the completeness, correctness, context, or suitability of the Materials. Any dimensions or measurements of the property or the land (internal and external) are approximates only. A person should seek professional advice, including but not limited to legal advice, and conduct their own investigations to satisfy themselves of the property or land, including dimensions or measurements. Limitation of Liability: Aston Commercial excludes, to the fullest extent permitted by law, all inferred or implied terms, conditions and warranties arising in connection to the Materials and all liability for loss, damage, injury or claim (whether direct or indirect) in connection to its use or reliance. Where liability cannot be excluded, Aston Commercial limits, to the fullest extent permitted by law, all liability for loss, damage, injury or claim (whether direct or indirect) in connection to use or reliance of the Materials.
*approximate
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