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Premium Freehold Investment with Future Upside

162-164 High Street, KEW VIC, 3101

Sold

Property Sold in 162-164 High Street, KEW VIC, 3101

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11243482
Status:
Sold
Price:
Price on Request
Last Updated:
19/03/2020
Icon building

Property Type

Retail/Land/Development/Showrooms/Bulky Goods
Icon square

Land Area

485 SQM
Icon size

Floor Area

285 SQM
Icon parking

Parking

N/A

Premium Freehold Investment with Future Upside

3 year lease to June 2018 plus option to 2021
Tenant pays all usual outgoings
Fixed 5% annual rent increases
Significant site area of 485 sqm with rear lane access, off street parking plus adjoining 150 council car spaces
Impressive 285 sqm building including first floor residence
Flexible Commercial 1 Zone (C1Z)
Future redevelopment or subdivision potential (STCA)
Rare double shop frontage of 10.5m approx.
Located in the heart of Kew Junction surrounded by national tenants
Kew: affluent suburb located on the city’s eastern edge with a median house price: $2,200,000
Immediate proximity to some of Melbourne’s most prestigious schools (Grammar Xavier College, MLC and Ruyton Trinity)
Rent: $50,473 pa (June 2017)
Estimated rent potential: $80,000 – $100,000 pa (market review 2018)

Auction On-Site 1pm Thursday 29 June 2017

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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