Blue-Chip Kew Corner Petrol Investment

103-105 Earl Street, Kew VIC

Property Highlights

10 year lease plus options to 2037
Minimum 3% and 4% rent increases
Major corner 37,200+ cars passing

Description

Blue-chip 1,305 sqm corner site with combined street frontage of 85 metres.
10 year lease to United Petroleum with options to 2037.
Secondary lease to ASX-list Ooh! with 10 year lease plus options to 2037.
High exposure site between prestigious Kew Junction and Eastern Freeway.
General Residential Zone supporting future upside opportunities (STCA).
Fixed 3% and 4% annual rental increases.
High volumes of passing traffic with 37,200 vehicles passing daily*.
Kew median house price is $2.4 million**, 284% over the Victorian metropolitan median house price
Net Income: $188,102 pa

For Sale by Expressions of Interest
Closing 4pm (AEDT) Thursday 10 December

*Gap Maps
**REIV

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
1,305 SQM
Building Area
221 SQM

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