Camberwell Road Gold - Retail Investment Opportunity
9/38 Camberwell Road Hawthorn East
38 Camberwell Road is a mixed-use development set in the heart of leafy Hawthorn East. The property is situated on the south side of Camberwell Road and on the corner of Auburn Grove. Located minutes from Camberwell Junction, Glenferrie Road and Auburn Road providing easy access to public transport with rail, tram and bus connections a short stroll away.
The property is close to two of Melbourne's popular inner east street shopping strips, with Burke Road, Camberwell to the east and Glenferrie Road, Hawthorn to the west. The property is surrounded by new residential projects and is within close proximity to Swinburne University.
The tenant is well known. Chef Wong trained in Hong Kong, working in top dim sum restaurants and learning traditional Cantonese yum cha techniques. In 1984, he emigrated to Australia, at a time when Hong Kong-trained yum cha chefs were still relatively rare here. He began working in well-known Melbourne venues like the Shark Fin group and built a strong reputation for authentic Hong Kong-style dim sum. The Hawthorn East venue is a more recent project, created after his long career in Melbourne kitchens. It's described as a family-run restaurant focused on bringing his traditional skills into a more modern, relaxed setting.
Lease Term: Seven (7) Years
Option Term: Seven (7) years
Current Rental: $85,788.65 pa net plus GST
Rent Reviews: 3.7% per annum