633-635 High Street, Kew East, VIC 3102

Development/Land | Retail | Offices

For Sale $1,435,000

  • Property ID: 386467
  • Floor Area: 40m²
  • Land Area: 479m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
PRIME POTENTIAL AND POSSIBILITY

POINT OF INTEREST:

This unique investment/ future development opportunity with Commercial 1 Zoning is available by private sale. The retail space is currently tenanted to Funky Fillings Café, which has been a key feature of this area for years. The property boasts an alfresco area at the rear, a grass backyard area which can be used as a private carpark, plus ease of connection to all of Melbourne thanks to its location. Perfectly positioned along one of Kew East’s most active strips of commercial real estate, just 2.1 km* to the Eastern Freeway and 7.7 km* from the CBD, you’re centrally located to all who call the inner east home.

- Total land area of 479 sqm*.
- Total building area of 40 sqm*.
- Currently tenanted by Funky Fillings Café providing $15,684 per annum in rent.
- Parking available at rear of property and along High Street.
- Tram route 48 along High Street, connecting North Balwyn and the Docklands.

POINT OF VIEW:

The only landbank with more untapped potential in the inner east is the course at Yarra Bend. And that isn’t up for development any time soon.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to a lease
  • Car Spaces: Rear yard
Outgoings
  • Water Rates: $1,400.00 approx per annum
  • Land Tax: $6,415.00 per annum (single holding)
  • Council Rates: $3,631.00 per annum
  • Owners Corp. / Insurance: Insurance $1,482.00
Kew East Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $157 ---
Offices --- $808 ---
This is the average advertised price, rent and yield for Kew East, VIC 3102*
* 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™.
  • 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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