686 Burke Road, Camberwell

A GENERATIONAL OPPORTUNITY TO ACQUIRE A BLUE-CHIP, MIXED-USE FREEHOLD IN ONE OF MELBOURNE’S MOST TIGHTLY HELD RETAIL DESTINATIONS!

Jones Real Estate, in collaboration with Stonebridge, is delighted to present 686 Burke Road, Camberwell-a rare freestanding retail and residential freehold in one of Melbourne’s most coveted shopping and lifestyle precincts.

This high-exposure asset comprises a ground-floor retail tenancy in the heart of Burke Road’s bustling commercial strip, complemented by a self-contained first-floor residential apartment, offering investors flexibility and a diversified income stream.

686 Burke Road, Camberwell, is offered For Sale via Public On-Site Auction on Thurs 3rd April 2025 at 10am.

Key features of this investment include:

– Combined net annual income of $87,914.66 plus GST & Outgoings, offering a secure, high-yielding asset in a blue-chip location.

– Premium two-storey freehold investment on a 184sqm* landholding with a 96sqm* ground-floor retail tenancy and a newly renovated two-bedroom apartment, offering strong dual-income stream over 208sqm* of gross building area.

– Secure retail tenancy leased to ‘Highway Trades Australia Pty Ltd’ trading as ‘Procase Camberwell’ on a brand new 5-year term, with options extending to 2034, 3.5% annual rental increases, and a 3-month security deposit.

– Its modern residential offering is a stylish two-bedroom apartment featuring high-end finishes, including timber flooring, stone benchtops, a private deck, secure car space, and laundry. Currently leased at $32,856 per annum, expiring 29 May 2026.

– Surrounded by major national retailers such as Woolworths, Coles, Aldi, JB Hi-Fi, Dan Murphy’s & Country Road, ensuring strong foot traffic and retail demand.

– Burke Road, Camberwell is an iconic retail location and is one of Melbourne’s most renowned and tightly held retail strips, known for its high foot traffic, strong retail performance, and long-term investment security.

– Just 10km* from Melbourne’s CBD, with direct access to CityLink (M1) and key arterial roads, plus tram routes 70 & 75 and nearby Camberwell & Gardiner Train Stations.

*Approx.

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.