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SOLD

Walpole Hill, 4-14 Walpole Street, Kew, VIC 3101

Properties / Sold / Victoria / Kew

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Retail/Shopping Centre

Land Area

1,570 m² (*approx)

Zoning

Commercial 1

Local Government

Boroondara City Council

Selling Method

EOI: Closing Wednesday 30th August at 2pm

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2. Property Highlights

“Walpole Hill” – A Land Rich Investment In Kew

1,570sqm Kew Junction Land Holding
Returning $422,500 pa+ GST + Outgoings
Major Redevelopment Potential In Future

Fitzroys is delighted to offer “Walpole Hill”, a land rich investment with solid rental income and development upside (STPA), located at 4-14 Walpole Street Kew for sale via Expression of Interest closing Wednesday 30th August at 2pm

- Positioned in the Kew Junction, a major retail commercial and lifestyle hub supporting an established catchment, the property is located nearby Toscano’s, major Banks Commonwealth Bank & ANZ Bank and opposite the entrance to Woolworths Supermarket

- Leased to 10 separate tenancies on varying lease terms and currently returning in the order of $422,500* per annum plus GST and outgoings (as of 1st September 2023)

- A significant corner site encompassing 1,570sqm* with generous frontages to Walpole and Walton Streets

- Understated improvements totalling 1,296sqm* in area and comprising 10 ground level commercial tenancies

- Roof top carpark offering 46 onsite carparks which are accessed off Walton Street

- Within Kew Junction Activity Centre with allowable height of up to 18 metres (STCA)

- Contained on 12 individual titles to be offered in “one line.”

- Rare opportunity to secure a landmark property with an established cash flow and land bank opportunity with future re-development upside (STPA)

4-14 WALPOLE STREET KEW FOR SALE VIA EXPRESSION OF INTEREST CLOSING WEDNESDAY 30TH AUGUST AT 2PM.

*Approx.

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