Sales Results

90 Camberwell Road, Hawthorn East

Posted on 23rd September 2020

Price: $6,000,000

Net Income: $279,000 pa

Lease Term: 5+5+5 years

Reviews: 3.75% pa

NLA: 630sqm 14 cars

Land Area: 842sqm

Epson Australia Pty Ltd

Forza Capital

Local Private
Commercial 1

Sale Process:
Sold off market, during COVID-19 period.

Building - $9,524/sqm
Land - $7,125/sqm
Yield - 4.65%

Sold By:
Paul Burns - Fitzroys
61 412 244 274

90 Camberwell Road, Hawthorn East
Sold Off Market to Local Private Investor

A refurbished office/showroom, fully leased to a secure multinational tenant, Epson. (Epson are currently fitting out the premises). The property sold as a passive investment however has excellent redevelopment potential for a much higher density development in the future.

The property is in a high profile, inner eastern location, 8kms from the Melbourne CBD and 800m from the Burke Road Retail/Commercial precinct. Surrounding uses are predominantly medium density office and residential developments, a number of which are under construction.
*Purchaser to pay lease incentive