99 High Street,
Kew, VIC 3101
Hotel, Motel & Leisure • Development Sites & Land • Shops & Retail
Key property information
Land area
Floor area
Property extent
Zoning
Tenure type
Sold on
Colliers - Melbourne
Level 30, 367 Collins StreetMELBOURNE, VIC 3000
99 High Street
Kew, VIC 3101
Map of 99 High Street
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
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
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
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Contact Agency
Colliers - Melbourne EastLevel 7, Chadstone Tower One 1341 Dandenong Rd
CHADSTONE, VIC 3148
CHADSTONE, VIC 3148
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