122 Wellington Street, Kew

Diverse Investment, Significant Potential

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Diverse Investment, Significant Potential

Currently defined by an enticing balance of residential and commercial use, this pivotal, high exposure corner site offers a mixed used investment with significant potential for redevelopment. For the investor, the renovated home and the alluring retail component, offer dual income streams.

RESIDENCE
The renovated residence with attractive dimensions is a solid brick three-bedroom Californian featuring plentiful car parking accessed from Wellington Street. On offer is a flexible floorplan with separate living and dining with an up-to-date kitchen and bathroom. This site is also permit approved for two (2) town residences as illustrated.

CORNER RETAIL/ COMMERICAL
The three shop fronts facing Edgevale Road, offered with vacant possession, are entirely functional in their present day format, and are accompanied with permits for conversion to dynamic cafe dimensions with space to accommodate up to 30 people for food and beverage service with the option for 10 outside seats.

DEVELOPMENT POTENTIAL
Both the residence and the retail / commercial components have recently issued permits. The residence is permit approved for the development of two new town residences. The retail/ commercial aspect offers a permit for a 30 seat cafe.

LOCATION
This is a highly sought after and convenient location, walking distance from Cotham Road tram routes, the Glenferrie Road retail precinct and leading primary and secondary schools options.

A rare opportunity to invest, occupy or develop (permit approved) in one of Melbourne’s most desirable suburbs. Total land size 539sqm (approx).