High-Profile Multi Tenancy Investment on Major Inner Metro Thoroughfare

Burgess Rawson are pleased to offer to the market the multi-tenanted investment located in Kew VIC, for sale via private treaty.

The Property has the following investment highlights:

+ Multiple income streams with new 5 year lease to M & W Centre through to 2027 with an option to 2032.
+ M & W CENTRE: a highly reputable Melbourne based plumbing, bathroom, and kitchen supplier specialising in bathroom, kitchen and laundry renovations as well as offering shop fitting and handy man services.
+ Strong and certain income growth with fixed annual, compounding 3.5% increases for M & W Centre.
+ Prominent 237sqm* landholding with direct frontage to High Street.
+ Two ground floor retail shops (102sqm* + 135sqm*) plus two additional one-bedroom apartments upstairs with separate entrances and nine (9) on title car parks.
+ Strategically located on High Street, 650m* from Kew Junction and situated in around Dan Murphy’s, Coles supermarket, KFC, CBA, Woolworths, Salvos, Australia Post and Reece Plumbing.
+ Surrounded by important social infrastructure, including 29 schools and tertiary education facilities in a 3km radius servicing more than 19,915 full-time students.**
+ Kew: affluent inner-city suburb with median house price up 9.7% in past twelve months to $2,850,000 million.***
+ Estimate Net Income (Fully Let Basis): $145,138 pa* + GST

To be sold by Private Treaty.

*approx.
** GapMaps
***realestate.com.au