SOLD
162-164 High Street, Kew, VIC 3101
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
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 Info
Municipality
Kew
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
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Jamie Perlinger
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