Property Details for 121/89 High St, Kew
Last Listing description (February 2024)
YOUR PORTFOLIO BEGINS ON HIGH ST
POINT OF INTEREST:
If youve been looking for a way to get into the commercial market, this is a window of opportunity with every box ticked for a sound investment. Youre buying into 56 sqm* of total building area sitting on a prominent first-floor corner position, basking in natural sunlight from the advantageous orientation. Inside, glass partitioning creates flexible zoning, with a reception area and three separate offices included in the floorplan. With technology granting you 24-hour access, convenience also comes in the form of an on-site gym, shower facilities, and the ReePhilz caf.
Where this asset goes from valuable to a non-brainer is in the longstanding tenancy from SPS Payroll Services, establishing themselves here since 2017 and recently renewing their lease until November 2023. This brings the annual leased income to $15,492.98+GST and outgoings; a substantial return for a modest investment in an area only growing in value. Speaking of, youre sitting across the road from Kew Junction; the bustling commercial hub of Melbournes east and consequently next door to the Princess Street, High Street, and Studley Park Road intersection. Taking Bridge Road will get you into the CBD in 20 minutes, while the Eastern Freeway sits 1.8 km* away. Public transport is as simple as walking 100 m* to the tram stop servicing the 48 and 109 trams taking you into the city in 28 minutes.
- Leased toSPS Payroll Services Pty Ltd since 2017.
- Current rental return of $15,492.98+GST and outgoings.
- 56 sqm* total building area with partitioned offices.
- Heating and cooling throughout.
- 24-hour access with on-site gym and shower facilities.
- ReePhilz Caf on-site.
- 1.8 km* to the Eastern Freeway.
- 100 m* to the 48 and 109 tram.
- 6 km* from Melbourne CBD.
POINT OF VIEW:
Not only is the asset built to be secure, but the surrounding businesses like Goodman Lawyers, Anaesthetic & Medical Services, and Peregrine Accountants attract the kind of top-shelf clientele that wont keep you up at night.
*Approx.
Pricing excludes GST
Property History for 121/89 High St, Kew, VIC 3101
- 24 Nov 2023Listed for Sale Contact Agent
Recent sales nearby
See more recent sales nearby/assets/perm/gtdfzx76j4i63d35nu26dabtkm?signature=79376f732b4330d2103c49c66d87317561ccc541db32498355b3687650188129){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 14,107 properties. Over the last 5 years, Houses in Kew have seen a 2.34% increase in median value, while Units have seen a 7.60% increase. As at 31 March 2026:
- The median value for Houses in Kew is $2,689,418 while the median value for Units is $912,915.
- Houses have a median rent of $1,150 while Units have a median rent of $630.
Suburb Insights for Kew 3101
Market Insights
Kew Trends for Houses
N/A
N/A
View TrendN/A
N/A
Kew Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
