Jones Real Estate is privileged to present 387 Bay Street, Brighton to the market For Sale via Public On-Site Auction on Thursday 28th November at 10:30am.
This is an increasingly rare and highly adaptable commercial opportunity, offering diversified income streams, situated in one of Melbourne's most revered suburbs, Brighton, for your consideration.
This property offers value add investors & owner occupiers an incredibly rare opportunity to invest or occupy in one of Melbourne's most tightly held locations.
Key highlights include:
- Positioned on a prime landholding of 186sqm* with over 12m* of combined frontage to both Bay Street and Warleigh Grove.
- Spanning 313sqm* over two levels, featuring modern renovations, the property contains ground floor retail/commercial space of 154sqm*, one 3-bedroom apartment & one studio apartment. Additionally, the property is equipped with dual access containing one dedicated rear lock up garage.
- Current income as follows: 3-bedroom apartment: $2,600.00 calendar month. Studio apartment: $1,521 per calendar month. Total annual rental income of $49,452.00 with an estimated fully leased income of $114,000 per annum*.
- The location is underpinned by adjoining occupiers and amenity including: Epworth Brighton, North Brighton Station, Coles, Chemist Warehouse, Liquor Land, Petbarn, Body-Fit, Endota Spa, CorePlus & Hotel Brighton + more!
- Brighton is a premier lifestyle destination, boasting a median house price of $3,195,000.00^. From prestigious schools, vibrant cafés & restaurants, pristine beaches, and premium fashion retailers - the suburb of Brighton has it all.
- Offering seamless accessibility to major arterial road networks such as New Street, St Kilda Street, and the Nepean Highway.
- Home to some of Australia's most esteemed education institutions, such as: Brighton Grammar School, St Joan of Arc, Haileybury and Firbank Grammar School.
- Property is zoned Commercial 1 - C1Z with a DD010 Overlay.
*Approx.
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For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
