242 & 244 High Street,
Kew, VIC 3101
Shops & Retail
Key property information
Floor area
Zoning
Tenure type
Sold on
Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
242 & 244 High Street
Kew, VIC 3101
Map
ENTRY LEVEL RETAIL INVESTMENTS – BUY ONE OR BOTH
- TWO RETAIL INVESTMENTS
- ONSITE PARKING AT REAR
- SEPARATE SHOPS WITH SEPARATE INCOME
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.
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.
Kew, 3101 demographic data
The median household income for Kew is $2,497, 31% higher than Greater Melbourne's household income of $1,901. Kew has an older age profile compared to the rest of Greater Melbourne (median age 41 vs 37). Property ownership data shows 41% of property owners in Kew have a mortgage.
24,499
Population
$2,497 per week
Median household income
41 years
Median age
Owners
Most residents
Families
Most households
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
More properties from Gorman Commercial Real Estate
Other properties you might be interested in based on the location and property type you are looking at.
