445 Centre Road Bentleigh VIC 3204

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.