When calling, please use enquiry code 513264

Land Area = 208 m2
Floor Area = 150.09 m2
Shop floor area = 43.31 m2 (29% of total floor area)
Apartment floor area = 106.78 m2
Car spaces = 2 (for apartment tenant only)
Parking info = Rear lane access
Tenure type = Fully tenanted investment (as a Going Concern)

Commercial lease (1 tenant) = $48,000 p.a. incl GST + outgoings (council rates, water rates service charges and 29% of the buildings insurance premium)
Residential lease (1 tenant) = $37,020 p.a. incl outgoings
Securely leased commercial shop at the busy T-intersection junction of Cotham and Glenferrie Roads in Kew.
Residential leased two-bedroom apartment/town house above and behind the shop.

SECTION 32 and Contract of Sale available upon request for genuinely interested motivated buyers

Positioned with two tram stops (16 and 109 routes) at your doorstep and Glenferrie train station 1.5km in Hawthorn, the property is only minutes from Kew Junction and is nestled within the busy Cotham Village shopping strip surrounded by established and thriving businesses, including the renowned Centonove restaurant, Bar Alba wine bar, Sebel Hotel, The Food Store cafe, Cotham LPO, 2 hair salons, newsagent, fish & chip shop, childcare centre, dry cleaner, pharmacy, butcher, bakery and allied health providers (psychologist, audiologist, dentist and osteopath).

The ground floor features a separate retail shop with a prime street frontage, ensuring excellent visibility and foot traffic, with a 10-year established hearing clinic business with 3 x 5 lease.

Above and behind, a spacious 2 storey 2-bedroom residence provides a second income stream.

Therefore, this exceptional two-storey commercial property on one Title provides a rare opportunity for savvy investors to enjoy holding income whilst planning for enlarging the floor area with a potential second storey extension of the apartment (STCA) making it an attractive prospect for future growth and capital value addition.

Apartment Details
Both bedrooms have the following features:
New double glazed windows;
Blackout curtains
Quality carpets
BIRs.
New reverse cycle cooling/heating

The garage and rear courtyard can accommodate two cars (access via laneway off Mary Street behind the childcare centre).
It has high metal fencing and a secure side access door.
The apartment has an alarm system.
The kitchen/living/dining area is very large (larger than many houses) with all new blinds and a/c.
Recently renovated bathroom with new tiles and shower fitting.

When calling, please use enquiry code 513264