259 High Street,
Kew, VIC 3101
Shops & Retail
Key property information
Land area
Floor area
Tenure type
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
259 High Street
Kew, VIC 3101
Map of 259 High Street
PROMINENT CORNER INVESTMENT WITH UPSIDE
- First time offered in 40 years
- Leased to long term tenant
- High exposure corner with 32m frontage
Gorman Commercial is pleased to offer 259 High Street, Kew for sale by Public Auction on Wednesday 7th May at 12pm on-site.
Leased to long term tenant and popular eatery Frank & Harri, this high profile corner freehold investment provides purchasers with income, exposure and long term value add potential.
Key Features Include:
* Leased to long term tenant in occupation for in excess of 5 years
* Total building area of 208 sqm approx.
* Secure income of $62,902 per annum + GST + outgoings
* Land area of 164 sqm approx. including a combined frontage to High Street and Pakington Street of 32+ metres
* Expansive ground floor retail/seating area, commercial kitchen, including mechanical exhaust and grease trap plus modern amenities throughout.
* Self-contained first floor space, comprising office & storage with its own direct access from Pakington Street
* Highly valuable Commercial 1 Zoning
* Located in highly affluent suburb of Kew, prominently positioned on Kew’s renowned High Street retail strip.
* Abutting McDonalds and surrounded by high quality tenants including Dan Murphy's, Toscano's, Chemist Warehouse, Chargrill on the Hill, Bob Stewarts, Coles, Woolworths's, Drummond Golf plus many more
* First time offered in 40 years - this opportunity is not to be missed!
Leased to long term tenant and popular eatery Frank & Harri, this high profile corner freehold investment provides purchasers with income, exposure and long term value add potential.
Key Features Include:
* Leased to long term tenant in occupation for in excess of 5 years
* Total building area of 208 sqm approx.
* Secure income of $62,902 per annum + GST + outgoings
* Land area of 164 sqm approx. including a combined frontage to High Street and Pakington Street of 32+ metres
* Expansive ground floor retail/seating area, commercial kitchen, including mechanical exhaust and grease trap plus modern amenities throughout.
* Self-contained first floor space, comprising office & storage with its own direct access from Pakington Street
* Highly valuable Commercial 1 Zoning
* Located in highly affluent suburb of Kew, prominently positioned on Kew’s renowned High Street retail strip.
* Abutting McDonalds and surrounded by high quality tenants including Dan Murphy's, Toscano's, Chemist Warehouse, Chargrill on the Hill, Bob Stewarts, Coles, Woolworths's, Drummond Golf plus many more
* First time offered in 40 years - this opportunity is not to be missed!
Kew, 3101 demographic data
The median household income for Kew is $2,497, 31% higher than Greater Melbourne's household income of $1,901. Kew has an older age profile compared to the rest of Greater Melbourne (median age 41 vs 37). Property ownership data shows 41% of property owners in Kew have a mortgage.
24,499
Population
$2,497 per week
Median household income
41 years
Median age
Owners
Most residents
Families
Most households
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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