Blue-Chip Kew Corner Petrol Investment
103-105 Earl Street, Kew VIC
Blue-chip 1,305 sqm corner site with combined street frontage of 85 metres.
10 year lease to United Petroleum with options to 2037.
Secondary lease to ASX-list Ooh! with 10 year lease plus options to 2037.
High exposure site between prestigious Kew Junction and Eastern Freeway.
General Residential Zone supporting future upside opportunities (STCA).
Fixed 3% and 4% annual rental increases.
High volumes of passing traffic with 37,200 vehicles passing daily*.
Kew median house price is $2.4 million**, 284% over the Victorian metropolitan median house price
Net Income: $188,102 pa
For Sale by Expressions of Interest
Closing 4pm (AEDT) Thursday 10 December