85-87 High Street, Kew, VIC 3101

Offices | Development/Land

Sold

  • Property ID: 427485
  • Floor Area: 2286m²
  • Land Area: 1840m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 28/07/2023 2286m2 1840m2 Contact Agent
PREMIUM OFFICE BUILDING WITH DEVELOPMENT UPSIDE

Vinci Carbone and Gorman Allard Shelton are privileged to be able to offer for sale this rare and unique opportunity to acquire a trophy office building positioned in one of Melbourne’s most affluent suburbs - Kew.

85-87 High Street, Kew comprises a modern part three level office building of 2,286 sqm* plus secure basement parking for 65 cars, perfectly positioned on the western side of High Street and only metres from the Kew Junction.

In addition the property is offered with Planning Approval which allows for the development of a ten (10) level building above a three (3) level basement accommodating 118 apartments plus cafe and office suite. Rarely can you secure a prime development site in this highly desirable and prestigious suburb of Melbourne.

Key highlights:

Building Area: 2,286 sqm* plus 65 car spaces
Site Area: 1,840 sqm*, Commercial 1 zone
49 m* prominent frontage to High Street
Planning Approval for 10 level building incorporating 118 apartments plus cafe and office suite
NABERS Energy Rating: 3 Stars
Ideal for Owner Occupiers or Developers
Potential fully leased market rent: $1,082,000 per annum net plus GST


Kew Junction and the immediate area is well renowned for a wide array of retail and food offerings including Woolworths, Toscano’s & Leo’s Supermarket, plus there are trams and buses servicing the area, and some of Melbourne’s finest private schools are within close proximity.

For Private Sale.

For further information or to arrange an inspection of the property please contact a member of the sales team below:

Vinci Carbone
Joseph Carbone | 0418 351 316
Frank Vinci | 0418 375 375

Gorman Allard Shelton
Peter Bremner | 0412 326 942
Tom Maule | 0401 636 049
Jonathon McCormack | 0418 835 885

*approx.

Additional Information
Features
  • Car Spaces: 65
  • Lifts: 1
Kew Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $296 ---
Offices $6187 $684 11.05%
Retail --- $509 ---
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 Offices 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.

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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