64-68 Stubbs StreetKensington VIC 3031
Property Details for 64-68 Stubbs St, Kensington
Last Listing description (November 2019)
PRIME CITY FRINGE TWO (2) LEVEL COMMERCIAL INVESTMENT 2KM* TO MELBOURNE CBD
CBRE Healthcare and Social Infrastructure are pleased to offer for sale this premium commercial investment. Located within the Arden and Macaulay precinct, an area slated for urban renewal by the government, accommodating for significant residential and employment growth over the next 30 years.
Features of 64-68 Stubbs Street, Kensington include:
+ New 15 year lease to Kids Club Early Childhood Learning to 2034
+ Net income of $450,000 pa* + GST with fixed 3.25% annual rental increases
+ Substantial 1,451sqm* commercial building licensed for 92 child care places
+ Corner landholding of 821sqm* with highly favourable Mixed Use Zoning
+ Kids Club Early Learning Centres are well recognised in Sydney and Canberra (8 centers) for their Education for Life Program and for having some of the most creative play spaces in Australia. The group are proud to finally bring their Six-Star Early Education experience to Melbourne with Kensington and Melbourne CBD Collins Street centres.
64-68 Stubbs Street, Kensington is being sold via public on-site auction on Thursday 21st November at 2.30pm
For information please contact the exclusive sales and marketing agents:
Josh Twelftree
+61 452 524 985
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
*approx
Property History for 64-68 Stubbs St, Kensington, VIC 3031
- 30 Oct 2019Listed for Sale Contact Agent
- 07 Jun 2017Sold - Price Undisclosed
- 27 Apr 2017Listed for Sale Not Disclosed
Recent sales nearby
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About Kensington 3031
The size of Kensington is approximately 2.1 square kilometres. There are 19 parks, covering nearly 13.6% of the total area. The population of Kensington in 2016 was 10812 people. By 2021 the population was 10745 showing a population decline of 0.6% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation.In 2021, 48.70% of the homes in Kensington were owner-occupied compared with 45.30% in 2016.
Kensington has 7,735 properties. Over the last 5 years, Houses in Kensington have seen a -13.78% decrease in median value, while Units have seen a -6.10% decrease. As at 31 July 2026:
- The median value for Houses in Kensington is $1,099,858 while the median value for Units is $556,240.
- Houses have a median rent of $740 while Units have a median rent of $600.
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