Colliers are pleased to present 307 Bay Street, Brighton, a prime trophy retail asset with pole position in one of Melbourne's most tightly held retail shopping strips, Bay Street Brighton. Fully leased to longstanding tenant 'Jellis Craig' and possessing 102m* of frontage, 307 Bay Street, Brighton is for Sale by Public Auction on Thursday 14 December 2023 at 12.30 pm on-site (AEDT).
• High quality double-storey corner retail freehold of 467m² with six on-site car parks • Prime position on Bay Street directly adjoining North Brighton Train Station • 100% leased to longstanding tenant 'Jellis Craig' • Currently returning $243,363 plus GST and outgoing p.a with fixed 3.5% increases • Potential to derive additional income from signage advertising (STCA) - visibility to over 11,000* cars daily and over 480,000* annual rail passengers entering North Brighton Station • Corner position in Bay Street which is one of Melbourne's best performing retail shopping strips with historically low vacancy • Lease profile allows the ability to owner-occupy or refurbish for rental reversion • Quadruple fronted Commercial 1 Zoned site of 345m²* offers long-term multi-storey development flexibility (STCA) • Benefiting from an affluent Brighton address which currently possesses one of Melbourne highest median house and unit price of $3.23m and $1.15m respectively
For Sale by Public Auction on Thursday 14 December 2023 at 12.30 pm on-site (AEDT).
For more information, please contact the below exclusive Colliers selling agents
Ted Dwyer | 0411 312 165 Ben Baines | 0438 328 407 Eddie Foulkes | 0405 890 960