99 High Street, Kew, VIC, 3101

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.

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,
• 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 below.

Remember to mention you found this property on DevelopmentReady