86 Kingsway,
Glen Waverley, VIC 3150
Shops & Retail
Key property information
Land area
Floor area
Zoning
Tenure type
Sold on
Map of 86 Kingsway
Middle of Kingsway
This property is in the absolute middle of the commercial activity centre in Glen Waverley. A publicly renowned retail trading hot spot'.
The food and entertainment precinct is backed by public transport, road access and all patrons are spoilt for choice.
Traders enjoy long opening hours and very strong customer flow while landlords enjoy stable investment environment and reliability.
This tightly held Commercial 1 Zone retail shop has all the future potential an astute investor could look for in their next investment decision.
Features include:
• 5 Year lease commencing Feb 2015 with options
• Rent: $120,489 per annum (as at Feb 2019)
• Tenant pays GST and Outgoings
• Yearly 3.5% rent increases
• Land 185m2 (approx.)
• Building 182m2 (approx.) retail shop
• Commercial 1 zone
• Rear laneway access
• Business operating as usual
The tenant is one of the best operators on Kingsway and enjoys a successful business arrangement with both 86 Kingsway and 88 Kingsway (Piatella adjoining the subject property).
For further information please contact either Ryan Trickey 0400 380 4... or Ben Ainsworth 0412 534 028.
The food and entertainment precinct is backed by public transport, road access and all patrons are spoilt for choice.
Traders enjoy long opening hours and very strong customer flow while landlords enjoy stable investment environment and reliability.
This tightly held Commercial 1 Zone retail shop has all the future potential an astute investor could look for in their next investment decision.
Features include:
• 5 Year lease commencing Feb 2015 with options
• Rent: $120,489 per annum (as at Feb 2019)
• Tenant pays GST and Outgoings
• Yearly 3.5% rent increases
• Land 185m2 (approx.)
• Building 182m2 (approx.) retail shop
• Commercial 1 zone
• Rear laneway access
• Business operating as usual
The tenant is one of the best operators on Kingsway and enjoys a successful business arrangement with both 86 Kingsway and 88 Kingsway (Piatella adjoining the subject property).
For further information please contact either Ryan Trickey 0400 380 4... or Ben Ainsworth 0412 534 028.
Glen Waverley, 3150 demographic data
The median household income for Glen Waverley is $1,918, 1% higher than Greater Melbourne's household income of $1,901. Glen Waverley has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 40% of property owners in Glen Waverley have a mortgage.
42,642
Population
$1,918 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
04003804...
86 Kingsway
Glen Waverley, VIC 3150
RWC - Glen Waverley25/40 Montclair Avenue
GLEN WAVERLEY, VIC 3150
GLEN WAVERLEY, VIC 3150
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