134 High Street, Kew, Vic 3101

Burgess Rawson with Transaction Management by Advise Transact are pleased to present to market 134 High Street, Kew VIC for sale via Expression of Interest campaign.  

This investment has the following highlights:
+ Blue-chip 93sqm* landholding with direct frontage to Kew Junction via High Street, seeing over 40,800 vehicles passing daily. (1)
+ High Profile 136 sqm* two level building, on important Commercial 1 Zoning. 
+ 3 year lease to established massage business (2 locations in Richmond and Kew) to 2025 with options through to 2031.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Potential future upside, suitable to owner occupiers and passive investors.
+ Investor friendly net lease, with tenant paying all usual outgoings excluding land tax.
+ Strategically located on High Street, in the heart of Kew Junction and situated in around Dan Murphy's, Coles, KFC, CBA, Woolworths, Salvos, Australia Post and Reece Plumbing.
+ Surrounded by important social infrastructure, including 29 schools and tertiary education facilities in a 3km radius servicing more than 19,915 full-time students. (1)
+ Kew: affluent inner-city suburb with median house price of $2,740,000. (2)
+ Estimated income on fully let basis: $54,036 pa* + GST

To be sold via Expressions of Interest
Closing 4:00pm (AEST) on Thursday 4 July 2024

*Approx
(1) GapMaps
(2) realestate.com.au