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Prime Burke Road Freehold | Significant Upside Potential

1139 Burke Road , Kew VIC

Property Highlights

High Exposure Burke Road Freehold
Flexible Commercial 1 Zoning with ROW
Includes 8 car spaces on-title

Description

Burgess Rawson is pleased to offer to the market this unique double fronted, mixed use retail building at 1139-1141 Burke Road, Kew VIC for sale via Expressions of Interest.

+ Large 404sqm* landholding with premium Commercial 1 Zoning
+ Combined total building area of 263sqm*
+ Three tenancies with the opportunity to create four
+ Double fronted retail shops to Burke Road with 10 metres* of frontage
+ Exposure to 26,000* passing vehicles daily with on street parking available
+ Suitable to owner occupiers, developers and passive investors
+ Strong surrounding precedent for multi storey, mixed use development with basements (STCA)
+ Development upside with under 50% site coverage
+ Important rear ROW access and includes 8 on-title car spaces
+ Both residential tenancies leased, ground floor currently vacant
+ Strategically located on Burke Road, 1.5km* from Camberwell Junction home to national retailers, Coles, Woolworths, ALDI, Kmart, JB Hi-Fi, Village Cinemas, Chemist Warehouse, Autobarn and more.**
+ Surrounded by important social infrastructure including 50 schools servicing a combined 20,000+ full-time students.**
+ Located in the affluent suburb of Kew with a median house price in excess of $2,800,000.***
+ Potential fully leased net rental: $104,148 pa + GST

To be sold via Expressions of Interest
Closing Wednesday 26th July 2023
4:00pm AEST
*approx
**gap maps
*** realestate.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
404 SQM
Building Area
263 SQM

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