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Kew 1351 Burke Road

  • 240 m2
Sold for: $1,315,000

Page URL:
/commercial/1351-burke-road-kew-vic-3101-170079

Secure Retail Investment’

Located opposite the iconic Bocaccio Cellars in the busy Stradbroke Shopping Strip near the corner of Burke Road and Harp Road, this expansive 2 level property has its own proud history trading as a bicycle shop for more than 25 years.

Key features:

• Rent: $50,000 per annum net plus GST

• Renewal of Lease: 3 years commencing 1st August, 2019

• Further term: 3 years

• Rent review: Annual 3% increases and a review to market value upon the commencement of the Further Term

• Retail tenancy area: 120 sqm approx

• Functional workshop and storage areas

• Total Building area: 370 sqm approx

• Land area: 240 sqm approx

• Rear under croft parking and rear access

• ROW access from Harp Road

• Zoned Commercial 1

• Blue-chip suburb, well established local shopping precinct

Terms: 10% Deposit. Balance payable within 60/90 days

Inspection by appointment:

Contact Agents:

Nick Mavrodoglos 0402 318 825

Daniel Roccisano 0428 839 739

Charles Carty 0438 277 050

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hockingstuart Commercial

First Floor, 170 Dorcas Street, South Melbourne
Tel: 03 9690 6000 Fax: 03 9690 4399
commercial@hockingstuart.com.au