SOLD
Sold on 01 May 2024 for $1,210,000

397 Camberwell Road
Camberwell VIC 3124

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 336m2
Land area: 204m2
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Property Details for 397 Camberwell Rd, Camberwell

Building Type
Commercial
Floor Size
336m2
Land Size
204m2
Local Government
Boroondara
Lot/Plan
1/TP99650

Last Listing description (May 2016)

Real Estate of Melbourne is proud to present these two outstanding opportunities in a blue chip suburb.
Buy one or both, 397 and 399 Camberwell Road, Camberwell represent a great opportunity to invest and hold or develop (STCA).
397 Camberwell Road is a single storey building on approx. 209m2 of land with no currently lease in place the opportunity for an occupier to take over and start fresh has never been easier.

399 Camberwell Road is a double storey building on approx. 328m2 with the current tenant being the Master Painters Association for Victoria and Tasmania; a secure lease with annual income of $62,400 (GST inclusive) and a 4% yearly increase.
In addition, the site has a Telstra pole, providing an additional annual income of $16,610 (GST inclusive) and a 3% yearly increase.
As the land is zoned Commercial 1 (C1Z), there is no height restriction to develop subject to Council approval and submission of the proposed plan.
- Both properties have rear lane access and car spaces
- Zoned Commercial 1 (C1Z)
- Blue Chip location
Information Memorandum plus Contract of Sale & Section 32 are available upon request.
Svetlana Ocuneva
+61 431 406 960
Robert Fidanza
+61 432 820 277

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Property History for 397 Camberwell Rd, Camberwell, VIC 3124

A timeline of how this property has performed in the market
Last Sold
$1,210,000
01 May 2024
Listed for Rent
$479/w
06 Jul 2015
  • 01 May 2024
    Sold for $1,210,000
  • 27 Apr 2016
    Sold for $1,182,000
  • 17 Nov 2015
    Listed for Sale Not Disclosed
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About Camberwell 3124

The size of Camberwell is approximately 7.7 square kilometres. It has 24 parks covering nearly 5.8% of total area. The population of Camberwell in 2011 was 20,028 people. By 2016 the population was 22,063 showing a population growth of 10.2% in the area during that time. The predominant age group in Camberwell is 10-19 years. Households in Camberwell are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Camberwell work in a professional occupation. In 2011, 76.3% of the homes in Camberwell were owner-occupied compared with 70.9% in 2016.

Camberwell has 11,785 properties.

    There are currently 24 properties listed for sale, and 19 properties listed for rent in Camberwell on OnTheHouse. According to CoreLogic's data, 495 properties were sold in the past 12 months in Camberwell.

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