SOLD
Sold on 16 Apr 2024 for $6,985,000

80 Camberwell Road
Hawthorn East VIC 3123

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1345m2
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Property Details for 80 Camberwell Rd, Hawthorn East

Building Type
Commercial
Land Size
1345m2
Local Government
Boroondara
Lot/Plan
1/PS719451

Last Listing description (October 2023)

****** Offers Under Review ******

Gross Waddell ICR, with Charter Keck Cramer acting as Transaction Advisor, is pleased to offer this rare Hawthorn East landholding, subject to a leaseback to one of Australia's top 20 listed companies. Favourably zoned Commercial 1 (C1Z), the property offers an extraordinary opportunity to buy a securely leased investment with significant development upside (STCA).

1,345 sqm* landholding perfectly positioned in the heart of the prestigious Hawthorn East

Leaseback to an ASX listed company being Telstra, offering a 'triple net' lease

Holding income of $350,000 net pa* and fixed annual increases

Favourably zoned Commercial 1 Zone (C1Z) with surrounding height precedents of 5-6 stories

Situated within a proven development marketplace which caters for a high demand downsizer

Benefiting from two (2) street frontages with 52 m* of exposure to both Camberwell Road and Roseberry Street

Overlooking Fritsch Holzer Park and offering picturesque future view lines back to the CBD on the future development (STCA)

Blue chip location merely metres to a dynamic retail and lifestyle precinct, home to a host of national retailers and popular eateries

Within proximity to a number of public transport options including Auburn and Camberwell train stations plus a myriad of tram routes within walking distance

Close to Melbourne's elite educational facilities including Xavier College, MLC, Trinity Grammar, Ruyton Girls' School and Carey Grammar as well as Swinburne University

Located in one of Melbourne's most prestigious residential catchments with a median house price of $2,910,000 (source REIV)

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx

Property History for 80 Camberwell Rd, Hawthorn East, VIC 3123

A timeline of how this property has performed in the market
Last Sold
$6,985,000
16 Apr 2024
  • 16 Apr 2024
    Sold for $6,985,000
  • 14 Sep 2023
    Listed for Sale Contact Agent

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About Hawthorn East 3123

The size of Hawthorn East is approximately 3.5 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Hawthorn East in 2011 was 13,101 people. By 2016 the population was 14,306 showing a population growth of 9.2% in the area during that time. The predominant age group in Hawthorn East is 20-29 years. Households in Hawthorn East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn East work in a professional occupation. In 2011, 59% of the homes in Hawthorn East were owner-occupied compared with 53.1% in 2016.

Hawthorn East has 9,868 properties. Over the last 5 years, Houses in Hawthorn East have seen a 10.74% increase in median value, while Units have seen a 6.64% increase. As at 31 October 2024:

  • The median value for Houses in Hawthorn East is $2,364,753 while the median value for Units is $683,840.
  • Houses have a median rent of $810 while Units have a median rent of $525.
There are currently 53 properties listed for sale, and 16 properties listed for rent in Hawthorn east on OnTheHouse. According to CoreLogic's data, 453 properties were sold in the past 12 months in Hawthorn east.

Suburb Insights for Hawthorn East 3123

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.