A dominant office building in an excellent location within the popular inner eastern lifestyle suburb of Camberwell is on the market.
The 2-level building at 1186 Toorak Road, Camberwell is being offered with vacant possession through Fitzroys Chris James and David Bourke, who are acting on behalf of a private vendor who has owned the property for nearly a quarter of a century.
The Expressions of Interest campaign closes on Friday, 14 August at 12pm.
Expectations are around $4 million.
Encompassing 882sqm of commercial floor space, the property offers modern self-contained office accommodation over 2 levels with excellent natural light and lift access.
It has recently been upgraded to provide new building services and offers a modern foyer/entrance, bathrooms, end-of-trip facilities, as well as DDA access.
The property offers 28 on-site car parks and is on a large Commercial 1-zoned landholding of 737sqm, boasting an impressive 34.5m frontage.
“Camberwell is one of Melbourne’s most highly accessible inner suburbs and offers fantastic lifestyle amenity,” James said.
“This property is just moments from the new Coles Local, Hartwell and Burwood train stations, and trams running along Toorak Road, as well as the Anniversary Trail walking and cycling path, and is also close to the vibrant Camberwell Junction lifestyle and hospitality precinct.
“The new Coles Local has been a great addition to the area, complementing the local eateries, cafés, and commercial users.”
Bourke said interest is expected to come from owner-occupiers seeking a headquarters in an excellent lifestyle location, as well as investors looking for a high-profile asset in a popular suburb with a strong office market that attracts a range of businesses and operators.
“Melburnians are looking to live, work and play in highly accessible locations with attractive lifestyle and hospitality amenity,” he said.
The Coles have just taken over the former Leo’s Supermarket, just metres from the subject property. Coles paid circa $33 million for the property last summer and quickly refitted to its standards.