There is no doubt this family realisation auction of one of Kew’s most prominent retail development sites will attract substantial interest.

Situated in the busy precinct between Walpole and Peel Streets, the property boasts:

• 2 separate titles;
• 94 foot (29.9 m) frontage to High Street;
• Land area of 10,204 sq feet (948 sq m);
• Rear access from Walton Street;
• Business 1 zoning;
• Existing improvements comprising of 3 double fronted, 2 storey buildings;
• Short term leases to Langknitt and Bob Stewart of Kew. Current lease tenure expires on 30th June 2011 with a 12 month option for Langknitt to exercise thereafter;
• Neighbouring businesses including the National Bank of Australia, Commonwealth Bank, Via Verona cafe, Toscano’s Fruiterer, Fred Young of Kew cafe, the QPO Licensed bar and restaurant;
• Safeway and Leos Fine Food Supermarket located a short distance away.

Within the Kew Junction Structure Plan, the property benefits from generous height allowances which complement the immediate opportunity to further capitalise on the wide street frontage in redeveloping new retail areas.

10% Deposit. Balance 90 days

Inspect by appointment on Tuesdays and Thursdays