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Sold on 30 Jun 2020

99 High Street Kew VIC 3101

  • Development / Land
  • 638 m²
  • Sold

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 (approx.) + GST & outgoings, with 6 month demolition clause
Vacant building offers potential for an estimated fully leased annual rental of $450,000 per annum (approx.) + 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.

*approx

Property Highlights

Property ID2016133384
Date Sold30 Jun 2020
Floor AreaAsk Agent
Land Area638 m²
ParkingAsk Agent
Category
Last updated  30 Jun 2020
Map for 99 High Street Kew VIC 3101
Map for 99 High Street Kew VIC 310199 High Street Kew VIC 3101
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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

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.

Colliers International | Melbourne East
Chadstone Tower One Level 7, 1341 Dandenong Road Chadstone VIC 3148

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