482 Riversdale Road, corner Burke Road, Camberwell
One of the most high-profile properties in Melbourne’s inner east has hit the market.
Fitzroys’ Chris James and Ben Liu are marketing for sale 482 Riversdale Road, at the corner of Burke Road and at the absolute heart of bustling Camberwell Junction, and which will go to auction on Wednesday, 16 April at 2pm.
Interest is expected at S4.4 million-plus.
Home to The Meat & Wine Co, the iconic fully refurbished building of 250sqm over two levels features a large internal dining area plus private dining and outdoor dining areas. It also has nine secure undercover car parks.
The property is securely leased on a five-year term plus options, returning S245,226.20 per annum plus GST as of 1 May, with fixed 4% annual increases.
The Meat & Wine Co has grown to a national steak restaurant offering – as well as a restaurant in London’s Mayfair – with the Camberwell location a flagship restaurant in its portfolio.
The property overlooks the busy Camberwell Junction intersection of Burke Road, Camberwell Road and Riversdale Road – a major landmark in Melbourne’s popular leafy inner-east, between the Camberwell and Hawthorn East retail, lifestyle and commercial precincts.
“This is simply one of the best properties in Melbourne’s inner east to come to the market in 2025,” James said.
“The property is securely leased as a flagship for an elite hospitality operator, has excellent exposure to passing traffic in a landmark location, and is primed to benefit long-term from generational high-density development in the immediate surrounds,” he said.
The brick character building was constructed in 1885 for the English, Scottish and Australian Bank, which specialised in financing suburban builders in the area, before in more recent times being transformed into The Meat & Wine Co. in line with the adjacent Aerial residential development.
Incredible shopping and lifestyle drawcards nearby include Rivoli Village Cinemas, three major supermarkets, and national tenants including Country Road, Mecca Cosmetics, Minimax, The Athlete’s Foot, Laurent, and Grill’d, along with all major Australian banks, and more.
Liu said the property is surrounded by a surging population, with Camberwell Junction undergoing major planning reform with significant density and large-scale projects currently underway.
Camberwell Junction is one of the Victorian government’s 10 pilot Activity Centres, with the Core precinct of the Activity Centre – taking in 482 Riversdale Road – designated for high- density residential development of six to 12 storeys, with high and medium-density development in the surrounds, bringing thousands of new residents in total to the area1.The plan aligns with the City of Boroondara’s Camberwell Junction Structure and Place Plan.
“Generational high-density development in the area will increase the local established, affluent catchment and boost trade and rental growth prospects well into the future,” Liu said.
Last year, the City of Boroondara approved a 12-storey residential building project next door at 697 and 699 Burke Road, which will bring 36 new apartments and new commercial space next door to the Meat & Wine Co property.
“Camberwell has also emerged as a premium inner suburban commercial office location, which is attracting workers throughout the day, adding to the catchment and further driving trade,” Liu added.
The property is also highly accessible, surrounded by public transport options with the Route 70, 72 and 75 trams along Burke, Camberwell and Riversdale Roads, as well as Camberwell train station to the north and access to Monash Freeway to the south.
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