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Colliers International - Melbourne East

99 High Street Kew, VIC 3101

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99 High Street,
Kew, VIC 3101

Hotel & Leisure • Development Sites & Land • Shop & Retail

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Sale - Expression of Interest

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Colliers International - Melbourne East
99 High Street
Kew, VIC 3101
Colliers International - Melbourne East
Ted Dwyer
Alex Browne

Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148

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CREATE HISTORY IN KEW JUNCTION

  • Large corner site of 638m²*
  • Signage income of $302,125* p.a
  • Owner Occupiers, Investors & Developers
Colliers international is pleased to offer the ultimate Kew Junction Site for sale by Expressions of Interest Closing Wednesday 8th April at 3pm.

Prominently located on an irreplaceable and unmissable corner of the iconic Kew Junction, this property provides endless future uses with the benefit of an existing liquor licence or the potential to redevelop or owner occupy whilst enjoying the significant ongoing income generated from the rooftop digital signage.

Key Highlights:

• Flexible Commercial Zoning provide potential for a multitude of development outcomes including residential, office, hotel, retail or other (STCA)
• DDO14 provides development guidelines for a future building height of 28.5m* (STCA)
• Opportunity refurbish for occupation or leasing, with the benefit of an existing liquor licence
• Strong holding income generated from Digital Signage returning $302,125* per annum + GST & outgoings, with 6 month demolition clause
• Vacant building offers potential for an estimated fully leased annual rental of $450,000* per annum + GST & outgoings
• Solid existing improvements with the site previously operating as a hotel, with a building area of 691m² (TBC) (approx.) plus outdoor balcony
• Strong performing residential suburb with a median apartment price of $799,000 and median house price of $2,100,000
• Unrivalled position overlooking Kew Junction shopping village with easy access to nearby Victoria Gardens Shopping Centre, Glenferrie Road and surrounding prominent private schools.
• Excellent transport amenity with Buses and Trams passing the property, and easy access to the Melbourne CBD and Eastern Freeway.

For further information on this opportunity, please contact the selling agents below.

*approx

Property ID: 503494554Last Updated: 29 May 2020

Agency contacts

Colliers International - Melbourne East
Colliers International - Melbourne East
Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148
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Colliers International - Melbourne
Colliers International - Melbourne
Level 30, 367 Collins Street
MELBOURNE, VIC 3000
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Ted Dwyer

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Ted Dwyer
Colliers International - Melbourne East
99 High Street Kew, VIC 3101

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Ted Dwyer

    Ted Dwyer

    Colliers International - Melbourne East
    +61 *** ***
  • Alex Browne

    Alex Browne

    Colliers International - Melbourne East
    +61 *** ***
  • Guy Wells

    Guy Wells

    Colliers International - Melbourne
    0405 *** ***