Bank On It
The ANZ Bank branch at 614-616 Burke road, Camberwell sold for circa $16.5 million. Gorman Commercial’s Stephen Gorman and Jonathon McCormack negotiated the sale. The property had three frontages on the 686 sqm site backing onto the council car park at the rear. A new lease to the ANZ returning $782,872 annually provides a yield circa 4.7 per cent.