Shop 2, 140 Cotham Road, Kew, VIC 3101

Retail

For Sale Please contact agent

  • Property ID: 391660
  • Floor Area: 92m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the building (FTTB)
Kew Retail Investment With 10-Year Lease!

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
*approximately

Kew Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $296 ---
Retail --- $283 ---
Offices --- $640 ---
This is the average advertised price, rent and yield for Kew, VIC 3101*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.
Tools

  Colliers International Melbourne CBD

 

View Agency Profile

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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