307 Bay Street Brighton VIC 3186

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

Colliers Asian Desk

James Zhuang | 0473 866 666

*Approximate