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Sold on 5 Nov 2020

709 Centre Road Bentleigh East VIC 3165

  • Shop & Retail
  • 180 m²
  • Sold

Freehold Commercial Investment with Long Term Tenancies!

    Ray White Commercial Victoria is excited to present to market 709 Centre Road, Bentleigh East via Online Auction on Friday 6th November @ 1:00pm. Offering a prime freehold retail premises with separate two bedroom residence located within one of Melbourne's most highly sought after and in-demand South Eastern suburbs.

    The property is perfectly positioned in a high exposure location and close to everything that one would expect in an investment property, and is located amongst an array of supporting and service type businesses such as food outlets, supermarket, gyms, medical centres, hair salons and more. The is a thriving local shopping hub with everything that the local residences would want and need for their day to day essentials.

    The property is also easily serviced and accessible via Nepean Hwy, East Boundary Road, Warrigal Road, North Road and South Road.

    The property features two components - a tenanted shop front (currently leased as a nail salon) since 2017 as well as a separate two (2) bedroom residence, ideal for someone wanting flexibility having two separate investment streams.

    Whatever it may be that you are looking for in your next commercial property purchase; this is certainly one that you can't ignore!

    The Property:

    • Total building area | 180m2*
    • Total land area | 150m2*
    • Combined income $41,345.40 P/A
    • Two level mixed use commercial building
    • Comprising ground floor retail / office premises & first floor two bedroom residence
    • Separate entrances for both the commercial and residential areas
    • On-site parking at rear via R.O.W.
    • No Owners Corporation Fees

    The Tenancies:

    RETAIL
    • Leased since February 2017
    • Current lease until February 2025 with a two further options of five (5) years
    • Current income $26,225 Per Annum plus GST plus Outgoings
    • 3% annual increases
    • Three months security bond

    RESIDENCE
    • Currently on a month to month tenancy
    • Current income $1260 pcm

    Ryan Amler | 0401 971 622
    Theo Karkanis | 0431 391 035

    To Register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property. Registration takes five minutes and you will be able to bid online from the safety of your own home or office.

    https://anywhereauctions.com.au/app/property?propertyId=6923

    To find out more about the bidder registration process or bidding online through the Anywhere Auctions platform for this auction, please visit the "How to bid" section of the Anywhere Auctions website or contact us directly.

    *All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

    AUCTION

    Auction date and time06/11/2020 13:00
    Auction locationONLINE

    Property Highlights

    Property ID2016492828
    Date Sold5 Nov 2020
    Floor Area180 m²
    Land Area150 m²
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Category
    Last updated  13 Nov 2020
    Map for 709 Centre Road Bentleigh East VIC 3165
    Map for 709 Centre Road Bentleigh East VIC 3165709 Centre Road Bentleigh East VIC 3165
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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.

    Ray White Oakleigh Commercial
    Level 1, 7-9 Atherton Road Oakleigh VIC 3166

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