85 Willsmere RoadKew VIC 3101
Property Details for 85 Willsmere Rd, Kew
Last Listing description (May 2019)
Prime Freehold Investment With Massive potential
RT Edgar is delighted to offer for sale this retail investment property situated in close proximity to Kew Junction , and surrounded by an abundance of high quality retailers in Kew North Village.
This ground floor retail , fronting Willsmere Road , is being offered with a new lease to The Burg-er Block which has been running successfully .
* Occupied by The Burger Block - a highly successful retailer has ran the business for more than 18 years .
* Extra 2 bedrooms at rear .
* Currently returning $29,906.40 per annum* plus GST and usual outgoings .
* Brand New 5+5+5+5 years lease from 1/3/2019 with 1.5% annual increase .
* Ideal Commercial 1 Zone offering flexible future re-development potential (STCA).
This property is one of the best located retail properties in Kew North and offers outstanding future development potential (STCA). Accordingly we encourage prospective purchasers to actively consider this outstanding opportunity.
*Negotiable Brand New 5+5+5+5 years lease from 1/3/2019 with 1.5% annual increase
For more information or to book an inspection, please contact the exclusive selling agents.
Property History for 85 Willsmere Rd, Kew, VIC 3101
- 15 May 2019Sold for $1,300,000
- 13 Feb 2019Listed for Sale Not Disclosed
Recent sales nearby
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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 14,095 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:
- The median value for Houses in Kew is $2,758,758 while the median value for Units is $901,711.
- Houses have a median rent of $970 while Units have a median rent of $620.
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