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.