Auction Friday 1st May 2015 at 1:00 PM On Site Unless Sold Prior
This single level retail shop occupied by Riversdale Cellars, (a continuous business from the 1950's) with a current rental of $33,174.00 net is an excellent opportunity to secure an income stream in the medium term with an enormous upside.
With the final 5 years lease remaining of the just exercised final option, (01/08/15-30/07/20) and no further options, the development upside can then be realised. With rear access and located close to the corner of Riversdale Rd and Through Rd this premises is in a high income, high home ownership demographic and is sure to be always tenanted and desired.
Disclaimer:
We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.
The size of Camberwell is approximately 7.7 square kilometres. It has 24 parks covering nearly 5.8% of 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 11,963 properties. Over the last 5 years, Houses in Camberwell have seen a 19.73% increase in median value, while Units have seen a 16.43% increase. As at 30 November 2025:
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