Fitzroys in conjunction with O&Co had the pleasure of offering a uniquely tenanted investment opportunity at 612-616 Camberwell Road, Camberwell to the market.
Built on 597sqm of land, the property is primely positioned on well-known Camberwell Road near a wide range of cafes, restaurants, shops, along with great transport linkages.
The office building is securely tenanted by Ambulance Victoria on a five year lease, generating $137,735 pa plus outgoings. The site has a floor area size of 237sqm and includes seven (7) car spots at the rear.
Having received more than 100 enquiries, a large crowd of locals and investors gathered, patiently awaiting the result of such a rare offering. With much anticipation the bidding kicked off at $2.5 million.
As six bidders were trying to save themselves from missing out, the property was placed on the market at $3 million and soon after selling under the hammer for $3.6 million.
Congratulations to Fizroys and O&Co on a very healthy result!
