39 & 40, 197 Bay Street, Brighton, VIC 3186

Investment | Retail | Offices

Sold

30/60/90 days

  • Property ID: 315685
  • Floor Area: 85m² - 95m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Suite 39 Sold 07/12/2018 85m2 N/A Contact Agent
Suite 40 Sold 07/12/2018 95m2 N/A Contact Agent
Two Prime Bayside Medical Investments

CVA Property Consultants are pleased to offer two superb retail/office investments in the heart of Bay Street Brighton via Public Auction on Friday 7th December at 12:00pm on site.

The properties are located ideally in the heart of the thriving Bay Street retail precinct in between Asling Street and New Street and are only a short two minute walk to North Brighton Railway Station.

Suite 39:
- Total building area 85m2*
- Leased to Able Hearing Pty Ltd
- Returning $43,624.92 + GST + Outgoings
- Five (5) year lease commenced 1/07/2017
- No further options
- Fixed 3% annual increases

Suite 40:
- Total building area: 95m2*
- Leased to Rajaram Pty Ltd Trading as Offspring Child Health Specialists
- Returning $37,723.92 + GST + Outgoings
- Three (3) year lease commenced 01/02/2018
- Two (2) further options of Three (3) years
- Fixed 3% annual increases
- Three (3) months security deposit

Both properties feature:
- Frontage and exposure to Bay Street
- Two (2) underground car spaces on title
- Exceptional modern fit out
- Kitchenette & amenities

For more information please contact CVA Property Consultants.

Open for Inpsection times:

Friday 23/11/2018 11:00am-11:30am
Friday 30/11/2018 11:00am -11:30am

*approx

Additional Information
Features
  • Zoning: Commercial 1
  • Lease Term: Suite 39: Five (5) Years | Suite 40: Three (3) years
  • Rent Review: Fixed 3% annual increases
  • Car Spaces: Two (2) per suite
Brighton Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $197 ---
Retail $9530 $769 8.07%
Offices $10694 $866 8.10%
This is the average advertised price, rent and yield for Brighton, VIC 3186*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 39 & 40, 197 Bay Street, Brighton, VIC 3186. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 39 & 40, 197 Bay Street, Brighton, VIC 3186. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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