- TWO RETAIL INVESTMENTS
- ONSITE PARKING AT REAR
- SEPARATE SHOPS WITH SEPARATE INCOME
Description
Gorman Commercial is pleased to offer 242 & 244 High Street, Kew for sale by way of public auction on Wednesday 17 April from 12 noon on-site.
Outstanding opportunity to acquire one or two exceptional retail investments in the well established retail precinct of Kew. Each property is separately leased to experienced operators and offer a set and forget investment.
242 High Street
* Income: $34,584 per annum + GST + outgoings
* 5 year lease (commencing November 2020)
* Building area: 142 sqm (approx.)
244 High Street:
* Income: $36,148 per annum + GST + outgoings
* 3+3 year lease (commencing January 2022)
* Building area: 142 sqm (approx.)
This is an exceptional opportunity to acquire two well leased retail assets within a well established retail precinct, benefiting from all forms of amenity, including public transport (Tram; Route 48 and Route 109 | Bus services along Princess Street), cafes and eateries, supermarkets (Leo's Fine Food and Wine)(Woolworths) and all manner of specialty boutiques.