Colliers is pleased to offer for sale Shop 1, 140 Cotham Road, Kew. This securely leased retail investment is located on the ground floor of ‘Inqu’, a four-level mixed-use development, featuring 36 luxury residences in the heart of Kew. The property is situated approximately 750m from Kew Junction and 5km east of the Melbourne CBD.
Shop 1, 140 Cotham Road benefits from a five-year lease to Chef David Kew with further options and strong annual rental increases.
Key highlights include:
– Securely leased to Chef David Kew, a leading Chinese restaurant with over 30 years of hospitality experience and seven convenient locations across Melbourne
– Near-new 5-year lease with options until 2034, providing strong passing income of $176,752* per annum and fixed 3.5% annual rental increases
- Boasting an expansive floor area of 354m²* plus 3 car parks on-title
– Located in one of Melbourne’s most highly regarded cosmopolitan areas supported by retail and hospitality amenity, primary and secondary schools, public transport, sporting grounds and various medical facilities
– Brand new modern fit out offering significant depreciation benefits
-A fantastic opportunity to purchase a blue-chip investment within the highly established and affluent suburb of Kew