YOUR PORTFOLIO BEGINS ON HIGH ST - RECENTLY RENEWED 2 YEAR LEASE
121, 89 High Street, Kew, VIC 3101
POINT OF INTEREST:
If you’ve been looking for a way to get into the commercial market, this is a window of opportunity with every box ticked for a sound investment. You’re buying into 56 sqm* of total building area sitting on a prominent first-floor corner position, basking in natural sunlight from the advantageous orientation. Inside, glass partitioning creates flexible zoning, with a reception area and three separate offices included in the floorplan. With technology granting you 24-hour access, convenience also comes in the form of an on-site gym, shower facilities, and the Ree’Philz café.
Where this asset goes from valuable to a non-brainer is in the longstanding tenancy from SPS Payroll Services, establishing themselves here since 2017 and recently renewing their lease from November 2023. This brings the annual leased income to $15,957.77+GST and outgoings; a substantial return for a modest investment in an area only growing in value. Speaking of, you’re sitting across the road from Kew Junction; the bustling commercial hub of Melbourne’s east and consequently next door to the Princess Street, High Street, and Studley Park Road intersection. Taking Bridge Road will get you into the CBD in 20 minutes, while the Eastern Freeway sits 1.8 km* away. Public transport is as simple as walking 100 m* to the tram stop servicing the 48 and 109 trams — taking you into the city in 28 minutes.
- Leased to SPS Payroll Services Pty Ltd since 2017.
- Current rental return of $15,957.77+GST and outgoings.
- 56 sqm* total building area with partitioned offices.
- Heating and cooling throughout.
- 24-hour access with on-site gym and shower facilities.
- Ree’Philz Café on-site.
- 1.8 km* to the Eastern Freeway.
- 100 m* to the 48 and 109 tram.
- 6 km* from Melbourne CBD.
POINT OF VIEW:
Not only is the asset bui...