BUY INTO THE CENTRE OF BENTLEIGH WITH THIS FREEHOLD.
743 Centre Road, Bentleigh East, VIC 3165
POINT OF INTEREST:
Double a traditional asset’s offer that will see acute investors benefitting in the same way. 743 is a commercial and residential blend where business at the front consists of a 55 sqm* retail shop front, while leisure out the back looks like a renovated two-bedroom home. No leasing campaign is necessary for either, as the current agreement for the retail space brings in $21,000 per annum net, while the home has just been leased for $19,296 per annum. Beyond the obvious investor advantages, there’s also plenty of development potential here — a purely ground-floor structure accommodates a lucrative multi-level extension in the future. And it makes sense when you look at the neighborhood. Centre Road has more than 14,000 passing cars visiting the vibrant retail precinct daily thanks to the multicultural independent eateries, big-name retailers, and village-style amenities. Public transport has also been considered here with buses aplenty and Bentleigh railway station down the road.
Front of house retail:
- Currently leased for $21,000 per annum net.
- Prior to the market review, the agreement includes 2 + 2 year lease that commence 1/9/2022.
- 55 sqm* total building area.
- 1 car space included.
Two-bedroom rear residential:
- 1 car space included.
- Just leased with a tenancy income of $19,296 per annum.
- Two bedrooms with freestanding robes.
- Renovated bathroom and kitchen with dishwasher and gas stovetop.
- Separate laundry and split system heating and cooling
- Commercial 1 zoning.
- More than 14,000* cars pass Centre Road daily.
- 1.8 km* to Bentleigh railway station.
- 16 km* to Melbourne CBD.
- Can be returned to a purely commercial tenancy in future by combining the rear and front retail.
POINT OF VIEW:
For marathon runners; sit on your passive in...