I’m a Secure Investment.
Here lies a premium retail investment opportunity in the sought-after location of Burke Road in Camberwell. This well presented two level single fronted shop offers a versatile floor plan, rear access and two parking spaces. The building has been very well maintained over the years, recently the property has seen significant upgrades to the roofing, plumbing, electrical work and installation of double glazed windows and new flooring throughout. These upgrades mean limited future capital expenses.
RECENT WORKS
Re-roofing, new windows, new flooring and upgraded plumbing & electrical
Two (2) car spaces at the rear
PARKING
BUILDING AREA 202m2*
LAND AREA
ZONING Commercial 1 Zone (C1Z)
ACCESS
Via Burke Road or rear laneway
I’m in the Limelight.
The property is leased to Silk Day Spa & Massage, a longstanding tenant that has been in occupation for 15 years commencing business way back in 2009.
The success of the business is reinforced by them extending their lease to 2040 and their impressive reviews of 4.6/5 stars on Google.
A perfect ‘set and forget’ investment opportunity in the prime retail precinct of Camberwell.
For more info visit their website - https://www.massagecamberwell.com.au/
TENANT Spa Bangkok Pty Ltd T/A Silk Day Spa
RENT $90,000* pa + GST + Outgoings
TERM 5 years start on the 1st of August 2025
OPTIONS 5 years + 5 years
INCREASES 4% per annum
OUTGOINGS Circa $13,250*
DISCLAIMER
“Materials”
sebastian@astoncommercial.com.au