RWC (Oakleigh) is pleased to offer 709 Centre Road, Bentleigh East, to the market via Public Auction on Friday 8th August 2025 at 2:00pm on-site and online.
This stand-alone, mixed-use freehold is located in the heart of the thriving Bentleigh East retail precinct and presents an outstanding dual-income investment opportunity with strong tenant history and long-term rental security.
Comprising a ground floor retail shop and a separately accessed two bedroom first-floor residence, the property is fully leased to reliable long-term tenants:
Ground Floor Retail: Leased to Vantastic Nails who have occupied the premises since 2018 and recently exercised their 5-year option. The lease includes two further 5-year options, with a current rental of $30,402.43 p.a.* + GST + Outgoings.
First-Floor Residence: Leased to a long-standing tenant on a month-to-month tenancy, generating $17,724 p.a.*
Set on 150m²* of prime Commercial 1 Zone land with a total building area of 180m²*, the property enjoys direct exposure to Centre Road, within a bustling shopping strip featuring national retailers, hospitality, banking, health and personal care services.
Positioned in the prime core of the Bentleigh East shopping village, the property benefits from excellent exposure to pedestrian and vehicle traffic along Centre Road. It is just 350m* to East Boundary Road, a major local connector, and under 3.5km* to Nepean Highway. The Bentleigh Railway Station is 1.6km* away, providing direct access to Melbourne CBD (approx. 21km*), while bus services run directly along Centre Road and surrounding arterials.
Key Property Highlights:
• Total building area|180m²*
• Total land area|150m²*
• Total income|$48,126.43 p.a.* (combined retail + residence)
• Ground floor retail leased to established beauty tenant since 2018
• First floor separately metered and tenanted residence
• High-traffic location in busy Centre Road shopping strip
• Excellent exposure, signage rights and accessibility
• Suit long-term investors seeking a dual-income freehold
Open for inspection:
• Fri 11th July 2025|11:00am-11:30am
• Fri 18th July 2025|11:00am-11:30am
• Fri 25th July 2025|11:00am-11:30am
• Fri 1st August 2025|11:00am-11:30am
• Fri 8th August 2025|1:30pm-2:00pm (Auction Day)
For further information, contact the exclusive agents:
Ryan Amler - 0401 971 622
Jonathan On - 0479 003 122
*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.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.