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Sold on 5 Dec 2019

1351 Burke Road Kew VIC 3101

  • Shop & Retail
  • 370 m²
  • Sold, $1,315,000

Secure Retail Investment

Located opposite the iconic Bocaccio Cellars in the busy Stradbroke Shopping Strip near the corner of Burke Road and Harp Road, this expansive 2 level property has its own proud history trading as a bicycle shop for more than 25 years.

Key features:

Rent: $50,000 per annum net plus GST
Renewal of Lease: 3 years commencing 1st August, 2019
Further term: 3 years
Rent review: Annual 3% increases and a review to market value upon the commencement of the Further Term
Retail tenancy area: 120 sqm approx
Functional workshop and storage areas
Total Building area: 370 sqm approx
Land area: 240 sqm approx
Rear under croft parking and rear access
ROW access from Harp Road
Zoned Commercial 1
Blue-chip suburb, well established local shopping precinct

Terms: 10% Deposit. Balance payable within 60/90 days
Inspection by appointment:

Contact Agents:
Nick Mavrodoglos 0402 318 825
Daniel Roccisano 0428 839 739
Charles Carty 0438 277 050

Address1351 Burke Road Kew VIC 3101
ZoningC1Z - Commercial 1 Zone (C1Z)
CouncilBOROONDARA CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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AUCTION

Auction date and time05/12/2019 12:00
Auction location1351 Burke Road, Kew VIC

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015295759
Date Sold5 Dec 2019
Sold Price$1,315,000
Floor Area370 m²
Land Area240 m²
ParkingAsk Agent
Virtual TourView Tour
Category
Last updated  31 Oct 2019
Map for 1351 Burke Road Kew VIC 3101
Map for 1351 Burke Road Kew VIC 31011351 Burke Road Kew VIC 3101
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    Valiant

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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Our partners at Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

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Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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