Colliers is pleased to offer for sale Shop 2, 140 Cotham Road, Kew by Expression of Interest closing on Thursday 10th June at 2pm. 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 2, 140 Cotham Road benefits from a brand new ten-year lease to Kew Cellars with further options and strong annual rental increases.
Key highlights include:
– Securely leased to Kew Cellars, a highly reputable independent bottle shop that supplies premium beer, wine and spirits to residents across Melbourne’s eastern suburbs
– Extremely rare 10-year lease with options until 2049, providing strong passing income of $46,800* per annum and fixed 4% annual rental increases
-Highly effective floor area of 92m²* plus 1 carpark on title
– Located in one of Melbourne’s most highlight 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