1123 Toorak RoadCamberwell VIC 3124
Property Details for 1123 Toorak Rd, Camberwell
Last Listing description (July 2023)
Gorman Allard Shelton is pleased to offer 1123 Toorak Road, Camberwell for private sale.
Acquire this well-presented and versatile freehold investment securely leased on the ground floor to a longstanding tenant and benefiting from separately accessed first floor spacious two-bedroom apartment.
Key property features include:
* Land area: 264 sqm (approx.)
* Potential fully let income: $52,500 per annum
* Recently renewed 3 + 3 year lease on the ground floor returning $30,416 pa + GST + outgoings (Current lease term expires 30/11/2026)
* Valuable 4% annual rental increases throughout the term
* Ground floor hairdressing salon is a longstanding tenant
* First floor tenancy is a spacious two (2) bedroom apartment, plus large lounge room/3rd bedroom
* The property provides two separate tenancies providing options for two income streams
* Wide rear ROW access with secure on-site parking available for both tenancies
Ideally located within Hartwell Shopping Centre and within close proximity to major arterial routes, Leo's Supermarket and metres from Hartwell Train Station.
Property History for 1123 Toorak Rd, Camberwell, VIC 3124
- 17 Jul 2023Sold for $1,130,000
- 12 May 2023Listed for Sale Contact Agent
- 05 Nov 2020Listed for Rent $360 / week
Recent sales nearby
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0About Camberwell 3124
The size of Camberwell is approximately 7.7 square kilometres. There are 24 parks, covering nearly 5.8% of the total area. The population of Camberwell in 2016 was 22081 people. By 2021 the population was 21965 showing a population decline of 0.5% in the area during that time. The predominant age group in Camberwell is 50-59 years. Households in Camberwell are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Camberwell work in a professional occupation.In 2021, 71.70% of the homes in Camberwell were owner-occupied compared with 70.90% in 2016.
Camberwell has 12,031 properties. Over the last 5 years, Houses in Camberwell have seen a -2.65% decrease in median value, while Units have seen a 6.89% increase. As at 30 June 2026:
- The median value for Houses in Camberwell is $2,450,705 while the median value for Units is $892,034.
- Houses have a median rent of $1,100 while Units have a median rent of $650.
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