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Prime Brighton Retail With Upside

274 & 276 Bay Street, BRIGHTON VIC, 3186

Sold

Property Sold in 274 & 276 Bay Street, BRIGHTON VIC, 3186

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11264809
Status:
Sold
Price:
$3,500,000.00
Last Updated:
07/04/2018
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Property Type

Retail/Land/Development/Offices
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Land Area

414 SQM
Icon size

Floor Area

231 SQM
Icon parking

Parking

N/A

Prime Brighton Retail With Upside

Prestigious inner suburban location in the heart of Brighton’s booming Bay Street, a designated Major Activity Centre
Large Commercial 1 Site of 414 sqm with substantial 11.58m front and rear frontages
Two well maintained shops totalling 231.5 sqm plus 4 rear car spaces with easy access via rear ROW
Potential future upside for significant development up to 4 levels (STCA)
Follett & Co: 274 Bay Street on a 3+3 year lease with 4% annual increases - current rent $50,000 pa plus outgoings & GST
Party Affair: 276 Bay Street on a 3 year lease with annual CPI increases - current rent $42,200 pa plus outgoings & GST
Excellent rent growth potential
Total net Income $92,200 pa approx

Auction On-site
1pm Thursday 2 November 2017

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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