Rare Bentleigh Investment with Long Lease & Huge Upside

Retail  

Rare, tightly held investment property located in the heart of Bentleigh East’s thriving retail precinct. Enjoy the benefits of generous car parking provisions and excellent proximity to major draw cards IGA, Chemmart Super Store, East Bentleigh Dental Group, Bakers Delight and Australia Post.

This versatile investment offers the luxury of a quality long standing tenant fronting Centre Road and vacant rear component of approx. 76sqm. With separate access available to the rear of the property it is ideal to either utilise yourself or lease out to generate further income.

Be part of a rapidly developing precinct with high density residential fuelling business growth and delivering a larger residential catchment for local businesses year on year.

This fantastic commercial freehold offers the following benefits to purchasers:

Front
* Leased to DJ Nails & Beauty Salon approx. 100sqm
* Returning – $31,200pa + Outgoings
* Lease term – 5 years commencing 3rd May 2019
* 3% Annual reviews
* Layout – Shopfront, Bathroom, Kitchenette, Storage/Laundry, Storage area & Consulting room

Rear – with separate access
* Approx. 76sqm available for future income potential
* Potential market rental – $22,800pa
* Rare opportunity to acquire quality investment in rapidly developing precinct
* Layout – 3 x Rooms, Kitchen, Bathroom with Shower

* Land area: 176sqm (approx.)
* Building area: 176sqm (approx.)
* Rear laneway access
* Commercial 1 zoning
* Exceptional freehold opportunity with huge redevelopment potential (STCA)
* Busy retail Hub
* Tightly held retail strip