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162-164 High Street Kew, VIC 3101

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162-164 High Street,
Kew, VIC 3101

Shops & Retail • Development Sites & Land • Showrooms & Large Format Retail

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Premium Freehold Investment with Future Upside

  • First time offered in 60 years
  • Large 485sqm site
  • Prime High Street location
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

Property ID: 502412918Last Updated: 3 May 2021

04138603...
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162-164 High Street
Kew, VIC 3101
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
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