655 Riversdale RoadCamberwell VIC 3124
Property Details for 655 Riversdale Rd, Camberwell
Last Listing description (May 2022)
PROPERTY WITHDRAWN
Develop, Invest or Occupy (STCA)
Food and beverage ready with existing kitchen fit-out and outdoor dining
Aston Commercial is pleased to offer 655 Riversdale Road, Camberwell for Sale by Auction on Thursday 26th of May 2022 at 12 noon on site.
This unique slice of Riversdale Road is an exciting piece of property to own with two distinct opportunities. The wonderfully presented faade and internal fit-out inclusive of commercial kitchen and covered outdoor dining area offers the chance for various food and beverage occupiers to establish a caf, restaurant, or bar in a strong position in the heart of Camberwell, just sprinkle some furniture.
If this isn't to your taste the site is permit approved for 3 level commercial development comprising ground floor retail and two levels of office space to create a strong income or to occupy for your own use. Otherwise delve into the best of both worlds and use development as a future exit strategy in your medium to long term plans.
Situated on 385sqm of land, the corner site boasts a street frontage of 15 meters on Riversdale Road and 25 meters on Spencer Road allowing for great accessibility. Located only 50 meters from Riversdale Station and the 70 Tram Line, access is convenient. Adjacent to Riversdale Park and 500 meters from Middle Camberwell Shopping Strip, this property can cater to the community and those who occupy it considerably for whatever investment channel you go down.
Property Highlights:
Appealing purchase for investors, developers or owner occupiers who are looking for either income potential, development opportunity or owner occupier possibilities.
Food and beverage opportunities with internal fit-out of commercial kitchen and undercover outdoor area, great for an owner occupier with plans for a caf, restaurant or bar.
Well positioned on a high exposure corner on Riversdale Road which acts as a thoroughfare connecting Southeast areas to the CBD.
Strong development site on a land area of 385sqm being permit approved for 3 levels consisting of ground floor retail and two floors of office space with great income potential.
High exposure corner which covers 15 meters of Riversdale Road and 25 meters on Spencer Road
Adjacent to Riversdale Park and within close proximity to Camberwell High School, Camberwell Hockey Club, Middle Camberwell Shopping Strip and Strathcona
Great accessibility via Riversdale Station and the Spencer Rd/Riversdale Rd Tram Stop which hosts the Alamein Line and Tram Route 70
Buyers can look forward to the great exit strategy off the back of a development offered due to the increased demand for office space close to home.
Please contact Aston Commercial today to arrange your private inspection.
*approx.
Property History for 655 Riversdale Rd, Camberwell, VIC 3124
- 27 Apr 2022Listed for Sale Contact Agent
- 16 Nov 2019Listed for Rent - Price not available
- 22 Sep 2017Sold for $1,050,000
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About Camberwell 3124
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 11,964 properties. Over the last 5 years, Houses in Camberwell have seen a 16.52% increase in median value, while Units have seen a 11.37% increase. As at 31 January 2026:
- The median value for Houses in Camberwell is $2,609,180 while the median value for Units is $908,567.
- Houses have a median rent of $950 while Units have a median rent of $650.
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