1335 Burke Road 753 SF Retail Building Kew, VIC 3101 $778,086 ($1,032.67/SF) 4.17% Cap Rate

This exceptional freehold investment is positioned along the tightly held Burke Road retail thoroughfare in Kew, offering a prized combination of rental income security and future growth potential. The property comprises a well-presented ground floor retail shop, currently leased to the popular Bacino Cafe on a secure 5 x 5-year term commencing November 2023. Upstairs, a spacious two-bedroom residence adds functionality and value versatility, appealing to investors seeking multifaceted revenue streams.
Occupying a land parcel of approximately 228 sqm and benefiting from rear laneway access, the building has undergone a thoughtful refurbishment, ensuring it meets the operational needs of modern retail tenants. Zoned Commercial 1 and situated within a vibrant strip opposite Boccaccio’s SUPA IGA, the property enjoys consistent foot traffic, strong local demographics, and excellent connectivity to Harp Road and arterial routes servicing Melbourne’s eastern suburbs. With annual rental income around $45,000 plus GST and outgoings, coupled with CPI rent reviews, this asset delivers reliable returns in one of Melbourne’s most distinguished retail enclaves. Long-term upside includes further value-add opportunities, such as upper-level improvements or redevelopment potential (STCA).