Colliers is pleased to offer for sale Shop 1, 140 Cotham Road, Kew. This securely leased retail investment is located on the ground floor of 'Inqu', a four-level mixed-use development, featuring 36 luxury residences in the heart of Kew.
Shop 1, 140 Cotham Road benefits from a four-year lease to Solarace by Chef David with further options and strong annual rental increases.
Key highlights include:
- Securely leased to Solarace by Chef David, a leading Chinese restaurant with over 30 years of hospitality experience and multiple locations across Melbourne
- New 4-year lease with options, providing strong rental of $176,000* per annum and fixed 3.5% annual rental increases
- Boasting an expansive floor area of 353m²*
- Located in one of Melbourne's most highly regarded cosmopolitan areas supported by retail and hospitality amenity, primary and secondary schools, public transport, sporting grounds and various medical facilities
- Brand new modern fit out offering significant depreciation benefits
*approximately