97 Willsmere RoadKew VIC 3101
Property Details for 97 Willsmere Rd, Kew
Last Listing description (April 2023)
This rare Kew retail freehold offers the astute investor a fantastic opportunity in the heart of this tightly held Willsmere Shopping Village, this is the first time this property has been offered in over 30 years.
In this established precinct you are in close proximity to shopping strip retailers such as Post Office, Kew Friendly Supermarket, Dental, Osteopath, Chemist, Bakery, Boutique Cafes & Restaurants and many other speciality retailers.
Features:
- Prime Retail Investment
- Long Term Established Tenants < 10 Years
- Tenant 1 - Hairdresser returning $19,235 + GST on a 5+5 year term
- Tenant 2 - Medical - Osteopath returning $18,706 + GST on a 3+2 year term
- Building Area: 80 sqm approx.
- Land Area: 106 sqm approx.
- Commercial 1 Zone
- Kitchen & Toilet Amenities
- Ample Street Car Parking
- Established Neighbourhood Shopping Strip
- Easy access to Eastern Freeway, Princess St & High St.
Direct access to public transport which is well serviced in the area with buses running along Willsmere Rd & Earl St and Tram stops on High Street.
For further information please contact the Commercial Team on 9840 7700.
Property History for 97 Willsmere Rd, Kew, VIC 3101
- 05 Apr 2023Listed for Sale Contact Agent
- 26 Mar 1994Listed for Sale Not Disclosed
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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 14,095 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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