51-53 Patterson Road Bentleigh VIC 3204

Buxton Commercial is pleased to offer for 51-53 Patterson Road, Bentleigh via Expression of Interest, closing on Tuesday 22nd July at 6.00 PM (unless sold prior)

Land Area 413 M2 approx.
Total Building Area 505 M2 approx.
Retail 243 M2 & Residence 262 M2 approx.
4 Car Parks Onsite
Retail Tenancy Returning $49,514 PA + GST + OG
Currently Term Expires March 2027 With 5-Year Option
3-Bedroom Residence (Vacant)
2-Bedroom Residence (Vacant)
Can Be Combined for a 5-Bedroom Residence
Anticipates Residential Rental of Up To $65,000 PA, approx.

Arguably Glen Eira's most impressive lifestyle & investment opportunity, & absolutely the most flexible, this mixed-use property is a unique find...in a uniquely appealing retail & rail hub setting - just 60m to the station. Ready to occupy, invest, or occupy-&-invest, the property offers rare long-term security with an excellent retail tenancy, & 1 vast residence easily configured as 2 dwellings

Approx 243 sqm double shopfront
- office, kitchen & WC facilities
- currently returning $49,514pa + GST & outgoings
- 3 x 5-year options commenced March 2017 with an ongoing tenancy until 2032 and potential for an ongoing tenancy after 2032
Approx 262 sqm, 2-level, 5 bed, 3 bath, triple zone family residence
- double-glazed master suite with ensuite & walk-in robe
- family zone with BBQ balcony-terrace, formal lounge-dining, ground-floor living
- Bosch appliance kitchen & 2nd ground-floor kitchen area
- reverse-cycle air-con, built-in & walk-in robes, multiple skylights
- 4 car garaging over 2 double garages.
Reconfigure as 2 dwellings
- 2 bed ground-floor unit plus 3 bed, 2 bathroom, dual zone family home
- additional anticipated residential rental of up to approx $ 65,000 pa
- scope for 3 income streams

Invest where you live & pay your way to life in a big Bentleigh family home.
Look to the long-term with the flexibility of 3 income streams.
Secure a rare multi-generational asset with future multi-residence development potential (Subject to Council Approval).