Property Details for 652 Burke Rd, Camberwell
Last Listing description (October 2020)
Absolute Prime Retail Freehold With Enormous Upside
Savills is delighted to offer for sale this absolute prime retail freehold at 652 Burke Road, Camberwell. The property represents a truly rare opportunity to secure a premium retail freehold situated in the prime Burke Road retail strip with significant upside and value add potential.
Key attributes of this outstanding opportunity include:
Significant landholding of 348sq m*
Single level retail freehold of 125sq m*
Two prominent retail frontages to blue-chip Burke Road and Market Place at the rear
Current rental of $136,570 per annum*
Long standing tenant
One of the last remaining underdeveloped dual fronted Burke Road properties
Commercial 1 Zoning
Rare vacant rear portion fronting Market Place and Woolworths carpark offering significant development potential
Exceptional opportunity to invest, occupy or develop in one of Melbournes most sought after retail strips surrounded by international and national retailers
*Approx.
Immediate Private Sale
Savills Agents:
Nick Peden: 0402 011 266
Mark Stafford: 0404 401 053
Benson Zhou: 0458 488 888
Property History for 652 Burke Rd, Camberwell, VIC 3124
- 08 Nov 2019Listed for Sale Immediate Private Sale
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About 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 11,958 properties. Over the last 5 years, Houses in Camberwell have seen a 3.90% increase in median value, while Units have seen a 12.34% increase. As at 30 April 2026:
- The median value for Houses in Camberwell is $2,489,994 while the median value for Units is $931,300.
- Houses have a median rent of $1,100 while Units have a median rent of $650.
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