85 Willsmere Road, Kew
RT Edgar is delighted to offer for sale this retail investment property situated in close proximity to Kew Junction and surrounded by an abundance of high quality retailers in Kew North Village.
This ground floor retail, fronting Willsmere Road, is being offered with a new lease to The Burger Block which has been running successfully.
*Landholding of 237 sq m* -with street frontage of 7.65 m.
*Occupied by The Burger Block - a highly successful retailer has ran the business for more than 18 years .
* Extra 2 bedrooms at rear .
*Currently returning $29,906.40 per annum* plus GST and usual outgoings .
*Brand New 5+5+5+5 years lease from 1/3/2019 with 1.5% annual increase .
* Ideal Commercial 1 Zone offering flexible future re-development potential(STCA).
This property is one of the best located retail properties in Kew North and offers outstanding future development potential (STCA). Accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.
*Negotiable Brand New 5+5+5+5 years lease from 1/3/2019 with 1.5% annual increase