Freehold Mixed Use Commercial Investment!

Forthcoming Auction (if not sold prior)

709 Centre Road

Bentleigh East VIC 3165

Retail

FOR SALE

180m2

    • Floorplans View Floorplan
Ray White Commercial Victoria is excited to present to market 709 Centre Road, Bentleigh East via forthcoming online auction (if not sold prior). Offering a prime freehold retail premises with separate two bedroom residence located within one of Melbourne's most highly sought after and in-demand South Eastern suburbs.

The property is perfectly positioned in a high exposure location and close to everything that one would expect in an investment property, and is located amongst an array of supporting and service type businesses such as food outlets, supermarket, gyms, medical centres, hair salons and more. The is a thriving local shopping hub with everything that the local residences would want and need for their day to day essentials.

The property is also easily serviced and accessible via Nepean Hwy, East Boundary Road, Warrigal Road, North Road and South Road.

The property features two components - a tenanted shop front (currently leased as a nail salon) since 2017 as well as a separate two (2) bedroom residence, ideal for someone wanting flexibility having two separate investment streams.

Whatever it may be that you are looking for in your next commercial property purchase; this is certainly one that you can't ignore!

The Property:

• Total building area | 180m2*
• Total land area | 150m2*
• Combined income $41,345.40 P/A
• Two level mixed use commercial building
• Comprising ground floor retail / office premises & first floor two bedroom residence
• Separate entrances for both the commercial and residential areas
• On-site parking at rear via R.O.W.
• No Owners Corporation Fees

The Tenancies:

RETAIL
• Leased since February 2017
• Current lease until February 2025 with a two further options of five (5) years
• Current income $26,225 Per Annum plus GST plus Outgoings
• 3% annual increases
• Three months security bond

RESIDENCE
• Currently on a month to month tenancy
• Current income $1260 pcm

Ryan Amler | 0401 971 622
Theo Karkanis | 0431 391 035

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.