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97 Kingsway, Glen Waverley VIC 3150

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Properties / Buy / Victoria / Glen Waverley

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Friday 12 July, 2024 — 12:00 PM

Land Area

188 m² (*approx)

Floor Area

342 m² (*approx)

Property Type

Retail

Sub-type

Strip Retail, Mixed Use

Est. Income

$387,982 p/a

Show All

2. Property Highlights

Secure Your Piece of Kingsway's Finest

Exceptional Property Attributes
Substantial Growth Opportunities
Prime Retail Destination

Key Highlights of the Opportunity:

Prominent Building: 342 sqm building with dual income streams.

Strong Returns: Generating a combined return of $387,982 plus GST / outgoings. ( Ground Level 5 year lease with 3x5 year options and First Floor 5 Year lease )

Prime Location: Located opposite the newly refurbished Glen Shopping Centre and within an area projected for $1 billion in development.

Development Potential: Significant future development potential of up to 6 levels (22m) (STCA).

Favorable Zoning: Commercial 1 Zoning.

Connectivity: Just 110m from Glen Waverley train station, a major bus interchange, ensuring a steady flow of customers.

Future Enhancements: Connectivity will be further enhanced by the proposed Suburban Rail Loop, a new underground rail network connecting Melbourne's suburbs.

97 Kingsway, Glen Waverley offers a rare chance to acquire a dual income property in what is arguably Melbourne's most iconic retail strip.

These opportunities present unique investment prospects in Glen Waverley's bustling retail environment. NAI Harcourts for more information or to arrange inspections.

Dataroom

Tenanted Investment

1. Property Summary

Property Type

Retail

Sub-type

Strip Retail, Mixed Use

Est. Income

$387,982 p/a

Land Area

188 m² (*approx)

Floor Area

342 m² (*approx)

Selling Method

Auction

DATAROOM AVAILABLE

Gain Access

Selling Details

Friday 12 July, 2024 — 12:00 PM

2. Property Highlights

Secure Your Piece of Kingsway's Finest

Exceptional Property Attributes
Substantial Growth Opportunities
Prime Retail Destination

Key Highlights of the Opportunity:

Prominent Building: 342 sqm building with dual income streams.

Strong Returns: Generating a combined return of $387,982 plus GST / outgoings. ( Ground Level 5 year lease with 3x5 year options and First Floor 5 Year lease )

Prime Location: Located opposite the newly refurbished Glen Shopping Centre and within an area projected for $1 billion in development.

Development Potential: Significant future development potential of up to 6 levels (22m) (STCA).

Favorable Zoning: Commercial 1 Zoning.

Connectivity: Just 110m from Glen Waverley train station, a major bus interchange, ensuring a steady flow of customers.

Future Enhancements: Connectivity will be further enhanced by the proposed Suburban Rail Loop, a new underground rail network connecting Melbourne's suburbs.

97 Kingsway, Glen Waverley offers a rare chance to acquire a dual income property in what is arguably Melbourne's most iconic retail strip.

These opportunities present unique investment prospects in Glen Waverley's bustling retail environment. NAI Harcourts for more information or to arrange inspections.

Dataroom

Tenanted Investment