169-173 Rankins Road Kensington VIC 3031

Nelson Alexander Commercial is delighted to offer For Private Sale an exceptional investment opportunity in the highly sought-after, blue-chip suburb of Kensington. Ideally located on Rankins Road, directly opposite Kensington Train Station, the location is second to none. This property comprises three prime retail shops on a single title, offering an outstanding rental return. The diverse tenant mix includes Rollin 169, serving authentic Vietnamese street food, Bianca Hair & Beauty, known for its stylish cuts, and Luncheonette, one of Melbourne's finest cafes. Boasting a stunning façade with immense character, this property perfectly captures the essence of Kensington. This is a rare and highly recommended investment opportunity in a premium Kensington location.

Key Property Features:

Flexible Mixed Use Zoning (MUZ)
Land Area: Approximately 103m²
Building Area: Approximately 90m²
Three Retail Shops on a Single Title
Prime Blue-Chip Kensington Location
Current Annual Rent: Approx. $64,068 pa
Strong Rental Yield: Circa 6.0%
Secure Long-Term Leases in Place
High-Quality, Established Tenants
Outstanding Exposure to High Foot Traffic
Median House Price in Kensington: $1,088,000
Conveniently Close to Major Retailers and Multiple Transport Options
A Fantastic Investment in a Prestigious Location Highly Recommended!

For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.