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97 Kingsway, Glen Waverley VIC 3150

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97 Kingsway, Glen Waverley VIC 3150

97 Kingsway, Glen Waverley VIC 3150

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
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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.

Read More
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
DOCUMENTS 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.

Read More
Dataroom
Tenanted Investment
Jason Bertram
Jason Bertram
+61 *** *** *** show +61 422 316 927
Message
+61 422 316 927 jason.bertram@juddwhite.com.au Message
Anita Meng
Anita Meng
+61 *** *** *** show +61 410 000 898
Message
+61 410 000 898 anita.meng@harcourts.com.au Message
Access Dataroom

Download Development Site Report

4. Property Location

97 Kingsway, Glen Waverley VIC 3150

Property Map
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97 Kingsway, Glen Waverley VIC 3150 Glen Waverley
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Harcourts - Judd White
Harcourts - Judd White
173 Coleman Parade, Glen Waverley, Vic 3150
View Agency Profile
Jason Bertram
Jason Bertram
+61 *** *** *** show +61 422 316 927
Anita Meng
Anita Meng
+61 *** *** *** show +61 410 000 898
Enquire
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