259 High Street, Kew

auction

PROMINENT CORNER INVESTMENT WITH UPSIDE

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.

Listing Highlights

  • First time offered in 40 years
  • Leased to long term tenant
  • High exposure corner with 32m frontage

Property Details


Type
Retail

Building Area
208 sqm

Land Area
164 sqm

Price
Contact Agent