Name: 684-686 Centre Road, Bentleigh East, VIC, 3165
Address: 684-686 Centre Road , VIC, Bentleigh East, VIC, 3165
Telephone: +61 419 473 504

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SOLD

684-686 Centre Road, Bentleigh East, VIC, 3165

Properties / Sold / Victoria / Bentleigh East

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

424 m² (*approx)

Selling Method

For Sale: Contact Agent

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2. Property Highlights

Two Shops on One Title - Invest Now Develop Later - Options Galore!

The subject property is located in the southeastern suburb of Bentleigh East some 14 kilometres from the Melbourne CBD centre. The site is positioned on the southern side of Centre Road and enjoys R.O.W rear laneway access.

Located within the heart of the vibrant Bentleigh East shopping strip and surrounded by established and national retailers.
684 Centre Rd - 125 sq.m
686 Cnetre Rd - 125 sq.m

Land Area of 424 sq.m

Key Characteristics:

Ideal development/ investor opportunity in tightly held market
4-5 level Development Potential (STCA)
High profile land area of 424 m2 with nearly 12 metres frontage
Two individual shops of approximately 125 m2 each
Flexible Commercial 1 Zone
Leased until 2024 with income of $56,211.92 p.a net (plus outgoings and GST)
Highly sought after Blue Chip Location
No GST payable on sale
First time offered in over 60 years

Located within the heart of the vibrant Bentleigh East shopping strip and surrounded by established and national retailers. The area has seen a boom in residential and commercial property values particularly in the last 10 years, and is earmarked for continued strong income and capital growth prospects in the future.

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