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445 Centre Road Bentleigh VIC 3204

  • Shop & Retail
  • 165 m²
  • Commercial Auction

Prized Dual Income Freehold On Centre

    AUCTION WEDNESDAY 19TH MAY @ 12PM ONSITE

    The property will be open for inspection as follows:

    Thursday 6 May at 11am
    Thursday 13 May at 11am

    445 Centre Road is ideally located in the heart of the Centre Road busy shopping strip precinct. Its surrounding amenity includes Coles, Woolworths, cafes, restaurants, fashion and a range of health/beauty operators attracting a wealth of customers to this bustling strip. The removal of the train crossing at Bentleigh Train Station has made traffic flow easy and customers now coming here more often then ever.

    Capital growth in this area has accelerated in the last 10 years underpinned by strong demographics of young families and young couples moving into the locality and spending money. Coupled with the Glen Eira Council Bentleigh Structure Plan over the next 10 years means this solid investment property is ideal for your property portfolio.

    PROPERTY SUMMARY
    * Total net income: $73,175 p.a. (two separate tenants)
    * Tenants pay all outgoings (excluding land tax)
    * Total building area: 162sqm*
    * Total land area: 233sqm*
    * Amazing frontage: 7.7m*
    * Side courtyard
    * Access to rear council car park
    * Commercial 1 zoning

    GROUND FLOOR
    * Leased to Healing Hands Chinese Massage
    * Net rental: $50,125 p.a.
    * New lease until January 2024
    * Excellent fixed 2.5% increases throughout the lease
    * Tenant has one (1) further options of three (3) Years

    FIRST FLOOR
    * Leased to Head Hunters Hair & Body
    * Net rental: $23,050 p.a.
    * Have just exercised their new 3 year lease until 2025
    * CPI annual rental increases
    * Tenant has one (1) further options of 3 (three) years

    For further details or to arrange an inspection please contact:

    James Glen 0401 493 277
    Matt Nichols 0418 186 488

    PLEASE NOTE:

    * Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

    * All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

    Auction date and time19/05/2021 12:00
    Auction location445 Centre Road, Bentleigh VIC

    OPEN FOR INSPECTION

    13/05/2021 11:00 - 11:30
    Add to Calendar
    James Glen
    Nichols Crowder Property Moorabbin
    James Glen
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin

    Property Highlights

    Property ID2016943328
    Floor Area165 m²
    Land Area233 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  4 May 2021
    Map for 445 Centre Road Bentleigh VIC 3204
    Map for 445 Centre Road Bentleigh VIC 3204445 Centre Road Bentleigh VIC 3204
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    James Glen
    Nichols Crowder Property Moorabbin
    James Glen
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin

    Property Highlights

    Property ID2016943328
    Floor Area165 m²
    Land Area233 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  4 May 2021
    Nichols Crowder Property Moorabbin
    358 South Rd Moorabbin VIC 3189
    James Glen
    Nichols Crowder Property Moorabbin
    James Glen
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Matt Nichols
    Nichols Crowder Property Moorabbin

    Ask James Glen about this property

    James Glen

    James Glen

    Nichols Crowder Property Moorabbin

    Matt Nichols

    Matt Nichols

    Nichols Crowder Property Moorabbin

    0401 *** ***
    0401 493 277

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