424 Centre Road, Bentleigh is perfectly located right in the heart of Centre Road's bustling retail strip.
Amongst great company, the direct surrounding amenity includes Coles supermarket, cafes, great restaurants, fashion and other health/beauty operators.
Centre Road now attracts a great demographic from Bentleigh, including young professional couples, young families as well as existing older generation, and benefits as well from neighbouring suburbs of Ormond and McKinnon residents who frequent the strip.
In addition to this, the removal of the train crossing at Bentleigh station has now made traffic flow easy, attracting more customers than ever before.
Capital growth in this area has accelerated in the last 10 years underpinned by strong demographics of young families and young couples who live here and spend money. The property is also a stone's throw away from Bentleigh Train Station further enhancing its position within the strip.
Key features include:
TENANCY DETAILS
* Leased to Family Eyecare - Business has been operating in this shop for 100 years
* Current tenant has been working in the business for 30 years
* Total net income: $88,947 p.a. + GST
* Tenant pays all outgoings (excluding land tax)
* Lease expires 31st July 2026
* Fixed 3% increases throughout the lease and market at option
* Tenant has two (2) further options of five (5) years demonstrating their intention of staying here long time
PROPERTY SUMMARY
* Total building area: 166sqm*
* Ground floor: 103sqm*
* First floor office space: 63sqm*
* Total land area: 200sqm*
* Frontage: 6m*
* Large council car park at rear for customers
* Commercial 1 zoning
* Toilet and kitchenette
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
Matt Nichols 0418 186 488
OPEN FOR INSPECTION TIMES:
Wednesday 31st July - 1.15pm - 1.45pm
Wednesday 7th August - 1.15pm - 1.45pm
Wednesday 14th August - 1.15pm - 1.45pm
Wednesday 21st August - 1.15pm - 1.45pm
DISCLAIMER:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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