Description

Gorman Commercial is pleased to offer 259 High Street, Kew for sale by Public Auction on Wednesday 7th May at 12pm on-site.

Leased to long term tenant and popular eatery Frank & Harri, this high profile corner freehold investment provides purchasers with income, exposure and long term value add potential.

Key Features Include:

* Leased to long term tenant in occupation for in excess of 5 years
* Total building area of 208 sqm approx.
* Secure income of $62,902 per annum + GST + outgoings
* Land area of 164 sqm approx. including a combined frontage to High Street and Pakington Street of 32+ metres
* Expansive ground floor retail/seating area, commercial kitchen, including mechanical exhaust and grease trap plus modern amenities throughout.
* Self-contained first floor space, comprising office & storage with its own direct access from Pakington Street
* Highly valuable Commercial 1 Zoning
* Located in highly affluent suburb of Kew, prominently positioned on Kew’s renowned High Street retail strip.
* Abutting McDonalds and surrounded by high quality tenants including Dan Murphy's, Toscano's, Chemist Warehouse, Chargrill on the Hill, Bob Stewarts, Coles, Woolworths's, Drummond Golf plus many more
* First time offered in 40 years - this opportunity is not to be missed!

Listing Highlights

• First time offered in 40 years
• Leased to long term tenant
• High exposure corner with 32m frontage