WITH FINE COMMERCIAL POTENTIAL, THIS HIGH-PROFILE CORNER FREEHOLD COMPLETE WITH EXPANSIVE FIVE-ROOM BRICK-BUILT PERIOD RESIDENCE IS SOLD WITH VACANT POSSESSION. BEHIND A PERIOD FAADE, FEATURING PROMINENT FRONTAGE ON BOTH EDGEVALE ROAD AND WELLINGTON STREET, THIS OUTSTANDING BUSINESS INVESTMENT OPPORTUNITY WILL APPEAL TO EXISTING PROFESSIONAL BUSINESSES AND THOSE WISHING TO COMMAND FROM A STRIKING HISTORIC BUILDING ON A SIGNIFICANTLY LARGE SITE IN ONE OF MELBOURNE'S MOST VIBRANT SUBURBS, NEAR TO COTHAM AND GLENFERRIE ROAD TRAMS. ZONED RESIDENTIAL WITH NONCONFORMING USE (CURRENT USAGE AS A MILK BAR AND CORNER STORE), THIS IS A SENSATIONAL OPPORTUNITY WITH BOUNDLESS DEVELOPMENT SCOPE (STCA). INC. REAR YARD, OUTDOOR SHED AND VEHICLE ACCESS. LAND AREA: 539SQM APPROX. ZONING: RESIDENTIAL WITH NONCONFORMING USE. TENURE TYPE: VACANT POSSESSION. CURRENT USAGE: MILK BAR/5 ROOM RESIDENTIAL HOUSE. PARKING: VEHICLE ACCESS VIA WELLINGTON STREET.
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 14,095 properties. Over the last 5 years, Houses in Kew have seen a 12.80% increase in median value, while Units have seen a 12.51% increase. As at 31 December 2025:
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