85 Camberwell RoadHawthorn East VIC 3123
Property Details for 85 Camberwell Rd, Hawthorn East
Last Listing description (May 2017)
Savills is delighted to offer for sale this brand new, high performing asset at 85 Camberwell Road, situated in a prime position in the heart of Hawthorn East, surrounded by an abundance of retail and lifestyle amenity.
This magnificent three-level serviced apartment building comprises 18 large apartments, ground floor retail shops and an office, together with onsite parking, all of which is fully leased to two tenants. This prime property is ideally positioned within the blue chip suburb of Hawthorn East, just 7km* from Melbourne's CBD.
The key attributes of the property include:
- Comprises 18 serviced apartments, 1 office and 2 retail shops
- New 15 year lease to Camberwell Serviced Apartments
- Total Net Lettable Area of 1,523sq m* (average apartment size of 70sq m*)
- Current Net Passing Income: $705,356 per annum*
- Brand new building with strong depreciation benefits
- Favourable corner position maximising natural light and amenity
- Strong occupancy attributed to a host of lifestyle amenity including Swinburne University, University of Melbourne, prime retail and public transport
The opportunity to secure such a high calibre investment is extremely rare, especially when you consider the long lease to a highly successful business, within one of Melbourne s blue chip eastern suburbs. Accordingly we encourage prospective purchasers to actively consider this excellent opportunity.
85 Camberwell Road, Hawthorn East is For Sale by Expressions of Interest closing Wednesday 15 March at 2pm.
Julian Heatherich - 0412 995 655
Nick Peden - 0402 011 266
*Approx.
Property History for 85 Camberwell Rd, Hawthorn East, VIC 3123
- 14 Feb 2017Listed for Sale by EOI closing Wednesday 15 March
- 25 May 2015Listed for Rent - Price not available
- 09 Jan 2013Listed for Sale Not Disclosed
Recent sales nearby
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0About Hawthorn East 3123
The size of Hawthorn East is approximately 3.5 square kilometres. There are 9 parks, covering nearly 7.3% of the total area. The population of Hawthorn East in 2016 was 14321 people. By 2021 the population was 14834 showing a population growth of 3.6% in the area during that time. The predominant age group in Hawthorn East is 20-29 years. Households in Hawthorn East are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn East work in a professional occupation.In 2021, 57.80% of the homes in Hawthorn East were owner-occupied compared with 53.10% in 2016.
Hawthorn East has 10,015 properties. Over the last 5 years, Houses in Hawthorn East have seen a -12.82% decrease in median value, while Units have seen a -2.48% decrease. As at 31 July 2026:
- The median value for Houses in Hawthorn East is $2,215,642 while the median value for Units is $682,630.
- Houses have a median rent of $1,100 while Units have a median rent of $590.
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