697 Burke Road,
Camberwell, VIC 3124
Offices
Key property information
Land area
Floor area
Car spaces
Property extent
Tenure type
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
04257607...
697 Burke Road
Camberwell, VIC 3124
Map of 697 Burke Road
THE ULTIMATE METRO INVESTMENT YOU CAN BANK ON
- Camberwell Junction Location
- Immaculately Maintained Building
- Diverse and Stabilised Income Stream
CBRE Capital Markets is pleased to present for sale 697 Burke Road, Camberwell, an exceptionally maintained office investment located in the heart of the tightly held and highly desired Camberwell Junction Precinct.
A six-level office building, 697 Burke Road offers a 100% leased investment with a diverse tenancy mix and staggered lease expiry providing a stabilised income stream. The asset provides the ultimate flexibility with the potential to develop long-term.
Key benefits of the property are outlined below:
+ Six levels of office accommodation with an NLA of 2,971sqm* plus 50 secure car parks
+ Exceptionally maintained building with significant recent refurbishment and CAPEX
+ Flexible floor plates of 500sqm* with excellent natural light and CBD views
+ 100% leased to a diverse tenancy mix with staggered lease expiries
+ Current net passing income of $1,247,445* per annum plus GST
+ Substantial land holding of 1,115sqm* with Commercial 1 zone with valuable rear access
+ Unrivalled amenity - less than 100m* to Camberwell Junction Retail precinct
+ 4 star NABERS Energy rating
Located within the Camberwell Junction office and retail precinct the property has excellent surrounding amenities in addition to this it is well serviced by public transport with Tram Services along Burke and Riversdale Roads and 500m* to Camberwell Train Station.
*EOI NOW CLOSED*
To arrange an inspection or for further information please contact the CBRE team.
*approx.
A six-level office building, 697 Burke Road offers a 100% leased investment with a diverse tenancy mix and staggered lease expiry providing a stabilised income stream. The asset provides the ultimate flexibility with the potential to develop long-term.
Key benefits of the property are outlined below:
+ Six levels of office accommodation with an NLA of 2,971sqm* plus 50 secure car parks
+ Exceptionally maintained building with significant recent refurbishment and CAPEX
+ Flexible floor plates of 500sqm* with excellent natural light and CBD views
+ 100% leased to a diverse tenancy mix with staggered lease expiries
+ Current net passing income of $1,247,445* per annum plus GST
+ Substantial land holding of 1,115sqm* with Commercial 1 zone with valuable rear access
+ Unrivalled amenity - less than 100m* to Camberwell Junction Retail precinct
+ 4 star NABERS Energy rating
Located within the Camberwell Junction office and retail precinct the property has excellent surrounding amenities in addition to this it is well serviced by public transport with Tram Services along Burke and Riversdale Roads and 500m* to Camberwell Train Station.
*EOI NOW CLOSED*
To arrange an inspection or for further information please contact the CBRE team.
*approx.
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Camberwell, 3124 demographic data
The median household income for Camberwell is $2,457, 29% higher than Greater Melbourne's household income of $1,901. Camberwell has an older age profile compared to the rest of Greater Melbourne (median age 43 vs 37). Property ownership data shows 40% of property owners in Camberwell have a mortgage.
21,965
Population
$2,457 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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