Sold
Bang & Olufsen Camberwell Junction
157 Camberwell Road, Hawthorn East VIC
Sold
Stonebridge Property Group is delighted to present for sale 157 Camberwell Road, Hawthorn East.
- A rare opportunity to secure a Camberwell Junction freehold that boasts an impeccable 40+ year history of 100% tenant retention
- Currently leased by the strong trading and longstanding Tivoli Hi-Fi, an institution of Melbourne that has been in operation since 1973*
- Tivoli Hi-Fi is a leading sound engineering & audio equipment retail store, housing the world’s most well known and highest quality brands such as Bang & Olufsen, Bowers & Wilkins, Loewe, Sony + much more
- Providing an annual income of $88,187** + GST + Outgoings through a vendor favoured 7-year lease
- Substantial and ultra-high quality building spanning 236sqm*, over the years the versatile building has been tailored to feature various aspects of the tenants offering with 5 demonstration rooms for the ultimate home cinema experience
- The property is positioned on a 192 sqm* Commercial 1 Zoned landholding with off street car parking and rear access
- Strategically located a short walk from Camberwell Junction and in close proximity to major attractions Dan Murphy’s (40m*), Coles (120m*) & Camberwell Place (130m*)
- Adjoining the property is the recently constructed $120m Camberwell Village complex. The luxury development comprises 140* apartments & 9,000 sqm* of high end office space.
- Hawthorn East is a highly affluent & popular inner eastern suburb of Melbourne just 7.2 km* from the CBD with a median house price of $2,150,000^
- Tivoli Hi-Fi’s high end service offering is supported by the ‘affluent’ Hawthorn East demographic which boasts an average weekly income of 27.5%^^ higher than greater Melbourne – indicating a high level of disposable income
*Approx.
To obtain further information, please contact the exclusive selling agents.
