138-140 High St, Kew, VIC 3101 | Commercial for sale | OnTheHouse
 
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138-140 High Street
Kew VIC 3101

Bedrooms: -
Bathrooms: -
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Floor area: 412m2
Land area: 209m2
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The Magnificent 7 on a circa 6% yield

McGrath Blackburn is pleased to present 138–140 High Street, Kew for Private Sale.
Commanding 11.1m* of prime High Street frontage, this flexible Kew Junction freehold presents a rare investment with seven diversified income streams. Comprising two ground floor retail tenancies, four well-proportioned apartments and a high-exposure rooftop signboard, the property offers secure, multi-streamed cashflow with strong rental growth potential. Benefiting from exposure to multiple main roads and no heritage overlay, this asset provides genuine value-add potential and long-term flexibility - ideal for investors, future owner-occupiers or those seeking a strategic repositioning opportunity.
Key Features:
• Land Area: 209sqm* | Building Area: 412sqm*
• Two retail shops, four apartments and a high-profile signboard currently returning $154,373.57 p.a. + OG + GST
• C1Z – Commercial 1 Zone
• Strong rental growth and value-add opportunity with future development scope (STCA)
• On-site secure garage with direct access to council parking via rear laneway
• Surrounded by Melbourne's elite schools – Carey, Camberwell Grammar, MLC, Xavier, Genazzano – Kew's median house price $2,800,000^
Surrounded by retail heavyweights such as Chemist Warehouse, 99 Bikes, Toscano's, Skinny Dog Hotel and the Postmaster Hotel, this address sits proudly in the heart of Kew Junction's premier retail precinct. Enjoy unmatched accessibility with trams 48 and 109 moments away, plus convenient bus routes along Denmark and Princess Streets. Ample nearby parking further enhances ease of access for customers and visitors alike.
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Property Details for 138-140 High St, Kew

Building Type
Commercial
Floor Size
412m2
Land Size
209m2
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About Kew 3101

The size of Kew is approximately 10.5 square kilometres. It has 37 parks covering nearly 18.0% of total area. The population of Kew in 2016 was 24605 people. By 2021 the population was 24499 showing a population decline of 0.4% in the area during that time. The predominant age group in Kew is 50-59 years. Households in Kew are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kew work in a professional occupation.In 2021, 68.50% of the homes in Kew were owner-occupied compared with 66.10% in 2016.

Kew has 14,097 properties. Over the last 5 years, Houses in Kew have seen a 19.67% increase in median value, while Units have seen a 13.75% increase. As at 31 October 2025:

  • The median value for Houses in Kew is $2,858,491 while the median value for Units is $903,197.
  • Houses have a median rent of $990 while Units have a median rent of $620.
There are currently 27 properties listed for sale, and 11 properties listed for rent in Kew on OnTheHouse. According to Cotality's data, 658 properties were sold in the past 12 months in Kew.

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Nicholas Conroy
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Chris Manolopoulos
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McGrath Blackburn
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