99 Orange Street, Bentleigh East, VIC 3165

Retail | Medical | Offices

Sold

  • Property ID: 408544
  • Floor Area: 200m²
  • Land Area: 212m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 200m2 212m2 Contact Agent
AN OPEN DOOR TO A TIGHT-KNIT COMMUNITY

POINT OF INTEREST:

Ask anyone and they’ll say that in Melbourne’s loyal south-eastern suburbs, local businesses trump big corporates every day of the week. This is 200 sqm* of completely versatile commercial space, fully fitted for either retail, offices, or medical/consultation-based services. Offered with vacant possession, or with flexible lease terms of up to 5 years with the current tenant, Mandala Financial Services, returning $50,000 in annual lease income back in your pocket. A medical permit is already in place if you’re clinically inclined, however there’s also strong development potential with the ability to build up to 12 m* (or 3 storeys) from its current standing. Already included in the asset is a reception area, multiple private rooms, boardrooms, bathroom amenities with a shower, a full kitchen, plus an additional kitchenette. The rear laneway provides secure parking or the opportunity for further storage here, whichever suits your needs.

- 200 sqm* building area.
- 212 sqm* land area.
- Commercial 1 zoning.
- Air conditioning throughout.
- Offered with vacant possession, or with a new lease with the existing tenant.
- Currently returning $50,000 per annum net.
- Medical permit in place.
- 2 car spaces or storage area in garage.
- Strong mixed use development potential.

POINT OF VIEW:

The people of Bentleigh East fiercely celebrate their locals. Whether you're looking to invest, occupy or develop this is an asset that will be nurtured as affectionately as Saul’s sandwiches, the Merchants Guild, and St Peter's Football Club.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to a lease
  • Car Spaces: 2 car spaces in rear garage.
  • Condition: Refurbished.
  • Air Conditioning: Yes - throughout.
  • Floors: Carpet throughout.
Outgoings
  • Water Rates: $1,000 p.a.*
  • Land Tax: $2,507 p.a.*
  • Council Rates: $1,592 p.a.*
  • Owners Corp. / Insurance: $1,417 p.a.* (Building Insurance, subject to use / Owners Corp: N/A)
Bentleigh East Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $234 ---
Industrial --- $68 ---
Retail $9771 $234 2.39%
This is the average advertised price, rent and yield for Bentleigh East, VIC 3165*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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™.
  • 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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