121, 89 High Street South, Kew, VIC 3101

Investment | Other

Sold $335,000

  • Property ID: 292737
  • Floor Area: 56m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total office area Sold 05/06/2018 56m2 N/A $300,000
Top Up Your SMSF Now With This 6.5%+ Yielding Property

The subject property is conveniently located in the centre of Kew Junction within Kew's prestigious commercial precinct and is only 6km* from the CBD. The site is well serviced by public transport with various tram routes operating in the immediate area.

Property Features
- Office suite of 56m2*
- Corner first floor position
- Lots of natural light
- Fully partitioned including reception and 3 separate offices
- Glass partitioning allowing for light filled work spaces
- 1 allocated car parking space

Benefits
- Leased to SPS Payroll Services Pty Ltd as from May 2017
- Lease term 2 years with an option for a further 2 years
- Fixed annual rental increases of 5%
- Car parking space leased separately for a 2 year term commencing May 2017
- Total current rental income $22,000 pa net

The building is further enhanced by 24 hour access, air-conditioning, on-site gym and shower facilities.

For further information or to arrange an inspection, please contact the exclusive selling agents Ryan Milivojac or John Star.



*approx.

Additional Information
Features
  • Zoning: Commercial 1
  • Lease Term: 2 years + an option for a further 2 years
  • Rent Review: Annually
  • Car Spaces: 1
Kew Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $509 ---
Offices $6187 $684 11.05%
Industrial --- $296 ---
This is the average advertised price, rent and yield for Kew, VIC 3101*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 121, 89 High Street South, Kew, VIC 3101. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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