Aston Commercial in conjunction with KMPC had the pleasure of offering Shop 1 at 56 Cotham Road in Kew to the market. Tenanted by established medical experts 'Sports Podiatry & Physiotherapy', the corner tenancy included a long term (10 year) lease.
The shop is situated near Kew Junction, across the road from Alexandra Gardens and sits right beneath the newly built and modern apartment complex 'The Alexandra'.
With 3 active bidders hoping to secure the healthy investment, the bidding started at $1.8 million. As bids flew in, the property was declared on the market at $2.17 million before officially selling for $2.45 million.
As a result of the strong selling price, this has led to a price/building area of $11,395/m2 and a yield of 4.4%.
The best treatment for a good property!
