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132-134 Martin Street
Brighton VIC 3186
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Sold on 21 Oct 2024

132-134 Martin Street Brighton VIC 3186

  • Shop & Retail
  • 530 m²
  • Sold, $2,900,000

PRIME INVESTMENT PROPERTY!

    Seize the opportunity to invest in the thriving commercial hub of Brighton. Situated on the bustling Martin Street village, this dual level retail investment offers exceptional exposure and is surrounded by an array of established businesses, adding further value to this prime location. With 4 long-term tenants and solid rental income, this property presents an ideal investment opportunity for both seasoned and new investors with upside to further develop (subject to council approval).

    Key Investment Features:
    Ground Floor 132A Martin Street
    Tenant: Ambyanz Hair Salon (Monthly tenancy, over 16 years of occupancy)
    Current Rent: $39,199.80 per annum plus outgoings plus GST
    2x car spaces

    1st Floor 132 Martin Street
    Tenant: Port Phillip Education & Training Centre
    Lease Term: 5 years (Commenced 26/04/2021)
    Further Term: One further term of Five (5) Years
    Current Rent: $36,934.20 per annum plus outgoings plus GST
    Annual Increases: 3% with a market rent review for the first year of a further term
    2x car spaces

    Ground Floor 134A Martin Street
    Tenant: Prince Barber Shop
    Lease Term: 5 years (Commenced 09/08/2021)
    Current Rent: $39,775.20 per annum plus outgoings plus GST
    Annual Increases: 3% per annum including the first year of a further term
    1x car space

    1st Floor 134 Martin Street
    Tenant: Paxton Bridge Financial
    Lease Term: 3 years (Commenced 08/04/2024)
    Further Term: One further term of Three (3) Years
    Current Rent: $35,700 per annum plus outgoings plus GST
    Annual Increases: 4% with a market rent review for the first year of a further term
    2x car spaces

    Combined Rental Income: $151,609.20 per annum plus outgoings plus GST.

    Areas:
    Ground Floor 132 Martin Street: 53m² approx
    First Floor 132 Martin Street: 131m² approx
    Ground Floor 134 Martin Street: 53m² approx
    First Floor 134A Martin Street 131m² approx
    Carpark: 162m² approx of storage and secure parking
    Land Area: 368 m² approx
    Land Size: 10.06m x 36.58m

    Martin Street is one of Brighton's most dynamic and sought-after commercial precincts. It is well-known for its vibrant mix of boutique retailers, cafes, restaurants, and professional services. The property is just moments away from Gardenvale Station, ensuring excellent foot traffic and easy accessibility for tenants and customers alike.

    The surrounding residential area is one of Melbourne's most prestigious, offering a strong customer base for the tenants. The proximity to Bay Street's shopping precinct and Brighton's famous beaches further enhances the appeal of this location. With excellent public transport connections, the Nepean Highway nearby, and a short commute to Melbourne's CBD, Martin Street is a highly convenient and popular destination.

    Inspection Times:
    Saturday, 19/10/2024 10:00am 10:45am
    Wednesday, 23/10/2024 12:00pm 12:30pm

    Auction Details:
    Date: Wednesday, 23rd October 2024
    Time: 12:30pm
    Location: On-site at 132-134 Martin Street, Brighton

    This is a rare chance to own a prime piece of real estate in a prestigious location. With secure tenancies in place and yearly rental increases, this is a must-see for investors looking for solid returns and long-term growth potential.

    AUCTION

    Auction date and time23/10/2024 12:30
    Auction location132-134 Martin Street, Brighton VIC

    Property Highlights

    Date Sold21 Oct 2024
    Sold Price$2,900,000
    Floor Area530 m²
    Land Area368 m²
    Parking7 x Onsite parkings
    Building TypeWhole building
    Property ID2019531115
    Category
    Last updated  21 Oct 2024
    Map for 132-134 Martin Street Brighton VIC 3186

    Property Highlights

    Date Sold21 Oct 2024
    Sold Price$2,900,000
    Floor Area530 m²
    Land Area368 m²
    Parking7 x Onsite parkings
    Building TypeWhole building
    Property ID2019531115
    Category
    Last updated  21 Oct 2024

    Co-Agents

    Andrew Kolovos
    Steveway Real Estate
    Call
    0402090922

    More about 132-134 Martin Street Brighton VIC 3186

    132-134 Martin Street Brighton VIC 3186 is categorized as Shop & Retail Property. It has a floor area of 530 m² and a land area of 368 m². There are 7 x onsite parkings.The listing ID for this property is 2019531115.

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