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658-662 Burke Road - Burke Plaza 3,229 SF Retail Condo Unit Offered at $1,792,612 in Camberwell, VIC 3124
Investment Highlights
- Located in Camberwell’s most celebrated retail strip, a proven investment-grade location.
- Excellent connectivity: adjacent to Camberwell Station, tram routes, and arterial road access.
- Anchored by national and locally recognized tenants, enhancing profile and precinct draw.
Executive Summary
Burke Plaza is a signature mixed-use commercial complex anchoring a premier section of Burke Road, one of Melbourne’s most iconic high-street retail destinations. Comprising a curated mix of ground-floor retail showrooms, boutique professional suites, and upper-level offices, Burke Plaza has been strategically designed to optimize tenant exposure while maintaining functional adaptability for a range of uses. Set amidst national brands, banks, supermarkets, and premium hospitality operators, the building benefits from continuous foot traffic driven by retail synergy and its adjacency to Camberwell Junction, major supermarkets (Woolworths, Aldi), and Camberwell Market precinct. With frontage to Burke Road and supporting laneways for rear access and parking, Burke Plaza offers occupiers and investors a compelling combination of visibility, connectivity, and asset security within an affluent and established catchment.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 3\RP15486 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 3\RP15486 |
Description
658 Burke Road is a premium strata-titled retail investment positioned in one of Melbourne’s most prestigious shopping strips, right in the heart of the Burke Road retail spine. Occupying approximately 300 m² of floor area on a 270 m² landholding, this asset enjoys dual frontage to Burke Road and Market Place, delivering exceptional sightlines and pedestrian engagement. The property includes a longstanding tenant with over two decades of trade, supported by a secure lease structure and defined rental growth. Operating among blue-chip national retailers and anchors such as Woolworths, Aldi, and Kmart directly to the rear, this strata allocation provides investors with a defensive income stream and a position in an irreplaceable, tightly held commercial corridor.
Sale Notes
This offering represents an elite retail investment securing circa 6% net return, backed by a long-term occupier in a landmark position at the epicenter of Camberwell’s retail and lifestyle precinct. The property benefits from outstanding dual street exposure, a proven trading history spanning 25+ years, and fixed structural advantages, including rear access to a council car park that integrates convenience for patrons in a high-demand strip.
Key investment fundamentals include a net passing income of $170,135 per annum, fixed annual increases, and a position that ensures uninterrupted demand owing to Burke Road’s strength as one of Melbourne’s most resilient and highest-performing retail corridors. For private investors and SMSF buyers, this asset ensures long-term income durability combined with strong future reversionary potential and enduring capital growth in a zero-vacancy landscape.
Key investment fundamentals include a net passing income of $170,135 per annum, fixed annual increases, and a position that ensures uninterrupted demand owing to Burke Road’s strength as one of Melbourne’s most resilient and highest-performing retail corridors. For private investors and SMSF buyers, this asset ensures long-term income durability combined with strong future reversionary potential and enduring capital growth in a zero-vacancy landscape.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 658 | 3,229 SF | Retail | $1,792,612 ($555.16/SF) | $107,556.72 |
Unit 658
| Unit Size |
| 3,229 SF |
| Condo Use |
| Retail |
| Price |
| $1,792,612 ($555.16/SF) |
| NOI |
| $107,556.72 |
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Unit 658
| Unit Size | 3,229 SF |
| Condo Use | Retail |
| Price | $1,792,612 ($555.16/SF) |
| NOI | $107,556.72 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 3\RP15486 |
| Description | |
| 658 Burke Road is a premium strata-titled retail investment positioned in one of Melbourne’s most prestigious shopping strips, right in the heart of the Burke Road retail spine. Occupying approximately 300 m² of floor area on a 270 m² landholding, this asset enjoys dual frontage to Burke Road and Market Place, delivering exceptional sightlines and pedestrian engagement. The property includes a longstanding tenant with over two decades of trade, supported by a secure lease structure and defined rental growth. Operating among blue-chip national retailers and anchors such as Woolworths, Aldi, and Kmart directly to the rear, this strata allocation provides investors with a defensive income stream and a position in an irreplaceable, tightly held commercial corridor.</li></ul> | |
| Sale Notes | |
| This offering represents an elite retail investment securing circa 6% net return, backed by a long-term occupier in a landmark position at the epicenter of Camberwell’s retail and lifestyle precinct. The property benefits from outstanding dual street exposure, a proven trading history spanning 25+ years, and fixed structural advantages, including rear access to a council car park that integrates convenience for patrons in a high-demand strip.<br> Key investment fundamentals include a net passing income of $170,135 per annum, fixed annual increases, and a position that ensures uninterrupted demand owing to Burke Road’s strength as one of Melbourne’s most resilient and highest-performing retail corridors. For private investors and SMSF buyers, this asset ensures long-term income durability combined with strong future reversionary potential and enduring capital growth in a zero-vacancy landscape.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,183 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,183 SF |
| Building Class | C |
| Total Building Size | 10,183 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,183 SF |
Amenities
- Mezzanine
- Signage
- Skylights
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1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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658-662 Burke Road - Burke Plaza
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