Jones Real Estate and Stonebridge Bring Freestanding Retail & Residential Freehold in Prime Camberwell Location to Market

A highly sought-after retail and residential freehold property has come to market in one of Melbourne’s premier shopping and lifestyle precincts. Located at 686 Burke Road, Camberwell, the asset is attracting significant interest from astute investors.

Boasting a land area of 184sqm* and a gross building area of 208 sqm*, the property features a ground-floor retail tenancy within Burke Road’s thriving commercial strip and a newly renovated two-bedroom apartment, offering a strong dual-income stream.

With a combined net annual income of $87,914.66 plus GST & Outgoings, this premium two-storey freehold investment presents a secure, high-yielding asset in a blue-chip location.

The ground-floor retail tenancy spans 96sqm* and is leased to ‘Highway Trades Australia Pty Ltd’ trading as ‘Procase Camberwell’ on a brand new 5-year term. The lease includes options extending to 2034, with 3.5% annual rental increases.

Camberwell Junction is home to over 700 businesses including major national retailers such as Woolworths, Coles, Aldi, JB Hi-Fi, Dan Murphy’s, and Country Road. This prime positioning ensures strong foot traffic and consistent retail demand.

“Given the scarcity of assets in this tightly held precinct, we expect strong competition on auction day,” said Paul Jones, Director of Jones Real Estate. “The dual-income stream from both the secure retail lease and the high-end residential offering makes this a compelling investment for those seeking stability and growth potential.”

Rorey James, Director of Stonebridge Property Group, added, “This is a rare opportunity to acquire a freehold asset in one of Melbourne’s most iconic retail locations. We are already seeing robust interest from local and international investors.”

This freehold property will be offered for sale via public on-site auction on Thursday, 3 April at 10:00 am. The campaign is led by Luke Peric and Paul Jones from Jones Real Estate and Rorey James, Nic Hage, and Ian Lam from Stonebridge.

For more information visit: https://www.realcommercial.com.au/for-sale/property-686-burke-road-camberwell-vic-3124-504806148