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445 Centre Road
Bentleigh VIC 3204
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Sold on 19 May 2021

445 Centre Road Bentleigh VIC 3204

  • Shop & Retail
  • 165 m²
  • Sold

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 are 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

Auction date and time19/05/2021 12:00
Auction location445 Centre Road, Bentleigh VIC
Nichols Crowder Property Moorabbin
Nichols Crowder Property Moorabbin
358 South Rd
Moorabbin, VIC 3189

Property Highlights

Date Sold19 May 2021
Floor Area165 m²
Land Area233 m²
ParkingAsk Agent
Property ID2016943328
Category
Last updated  19 May 2021
Map for 445 Centre Road Bentleigh VIC 3204

Nearest transport* to 445 Centre Road Bentleigh VIC 3204

Bus
Train
Tram
Godfrey St/Centre Rd (Bentleigh)24 m
Bentleigh Library/Jasper Rd (Bentleigh)155 m
Bentleigh Library/Jasper Rd (Bentleigh)163 m
Jasper Rd/Centre Rd (Bentleigh)199 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Nichols Crowder Property Moorabbin
Nichols Crowder Property Moorabbin
358 South Rd
Moorabbin, VIC 3189

Property Highlights

Date Sold19 May 2021
Floor Area165 m²
Land Area233 m²
ParkingAsk Agent
Property ID2016943328
Category
Last updated  19 May 2021

Co-Agents

James Glen
James Glen
Nichols Crowder Property Moorabbin
Call
0401 493 277
Matt Nichols
Matt Nichols
Nichols Crowder Property Moorabbin
Call
0418 186 488

More about 445 Centre Road Bentleigh VIC 3204

445 Centre Road Bentleigh VIC 3204 is categorized as Shop & Retail Property. It has a floor area of 165 m² and a land area of 233 m². The listing ID for this property is 2016943328.

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